Mozambique in Talks with IMF as New Support Programme Considered

Mozambique has confirmed that it is preparing discussions on a possible new assistance programme with the International Monetary Fund (IMF), as a technical mission from the lender begins work in Maputo on Monday.

According to a statement from the Ministry of Finance, the mission, which runs until 12 June 2026, will focus on assessing fiscal consolidation measures, addressing macroeconomic imbalances, and exploring the framework for a potential credit facility programme.

The delegation, led by Pablo López Murphy, is expected to engage various government departments as part of a broader review of Mozambique’s economic conditions and policy direction.

The IMF visit comes at a time when Maputo is seeking to rebuild engagement with the Fund following recent financial adjustments, including the early repayment of about US$698 million under a previous Poverty Reduction and Growth Trust arrangement in March 2026.

Finance Minister Carla Loveira has previously described the repayment as a demonstration of prudent economic management and an effort to strengthen investor confidence and improve the country’s sovereign risk profile.

Mozambique’s earlier Extended Credit Facility programme, approved in 2022, was suspended in April 2025 after partial disbursement, leaving the current talks focused on designing a new framework of support.

The Government has indicated that renewed engagement with the IMF could help restore access to international capital markets and improve external financing conditions, as discussions continue over the country’s medium-term economic recovery strategy.

About Geraldine Boechat 3697 Articles
Senior Editor for Medafrica Times and former journalist for Swiss National Television. former NGO team leader in Burundi and Somalia