Mozambique Clears IMF Debt Early

By Africa News

 02/04 - 11:43

Mozambique

Mozambique has fully repaid its debt to the International Monetary Fund, clearing more than 630 million dollars ahead of schedule. At the start of March, the country still owed over 515 million in Special Drawing Rights.

By the end of the month, that figure had dropped to zero, making Mozambique the only country among dozens to fully settle its IMF credit during that period.

The early repayment could strengthen the government’s position as it looks to secure new financial support. A previous IMF programme, approved in 2022, was suspended in 2025 after only part of the funds had been disbursed.

Mozambique had originally been expected to continue repayments through 2029, but that timeline has now been wiped out.

Discussions are already underway about a potential new programme, aimed at supporting economic stability and reinforcing ties between Mozambique and the IMF.

While officials have yet to comment publicly, clearing the debt is widely seen as a key step toward unlocking future funding.

Mozambique has a low-income, developing economy that relies heavily on agriculture, natural resources, and foreign investment.

Around 60–65% of the population lives below the national poverty line, with higher rates in rural areas.