The Government of Mozambique has confirmed it is moving towards a new support programme with the International Monetary Fund (IMF) following the early repayment of its €630 million debt in March, 2026.
Speaking at a Council of Ministers briefing in Maputo on Tuesday, Government spokesperson Salim Valá said both parties remain aligned and committed to securing a new agreement, with ongoing negotiations taking place during the IMF-World Bank Spring Meetings this week in Washington.
Officials described the early repayment as a strategic move to demonstrate fiscal discipline and credibility, despite Mozambique’s status as a developing economy. Alfredo Mutombene noted that the settlement marks the beginning of a “new chapter” in relations with the IMF, rather than an end to engagement.
The Mozambican delegation, led by Finance Minister Carla Loveira, is holding technical discussions with international financial institutions from Monday to Friday on potential frameworks for renewed cooperation.
President Daniel Chapo, who announced the repayment on 9 April, described the decision as “courageous” and a clear signal of macroeconomic responsibility, emphasising its role in strengthening investor confidence and international credibility.
While business leaders have welcomed the move as a boost to external confidence, they stress the need for sustained domestic reforms to ensure inclusive and sustainable economic growth. The new IMF programme has been under negotiation since 2025, following the premature termination of the previous arrangement.