Maputo, Mozambique — In a significant financial milestone, the Mozambican government successfully extinguished its outstanding debt of 515. 04 million Special Drawing Rights (SDRs) to the International Monetary Fund (IMF) by March 2026. This amount is equivalent to approximately 630.
1 million US dollars. Among 85 countries listed, Mozambique stands alone in achieving such a full repayment. The debt clearance is expected to enhance the country’s prospects for securing future loans from the IMF.
The Mozambican government’s repayment came after the suspension of the Extended Credit Facility (ECF) programme in April 2025, which had allocated around 468 million dollars to Mozambique in 2022. The programme was halted after the disbursement of four tranches totalling approximately 343 million dollars. Mozambique’s repayment schedule, which included payments of 98 million dollars in 2026, 107.
5 million in 2027, 129. 3 million in 2028, and 136. 4 million dollars in 2029, has now been averted.
President Daniel Chapo indicated in June 2025 that a new programme aligned with the government’s vision was anticipated to be signed that year, potentially reinforcing Mozambique’s relationship with the IMF. This was echoed by IMF Deputy Managing Director Bo Li, who confirmed the planning of a new programme during a meeting in Maputo on May 17. The clearance of the debt arrears is seen as a crucial step towards unlocking a new IMF programme, although the Mozambican government has yet to comment on the potential new arrangement. Paragraph: The Mozambican government’s debt repayment to the IMF marks a critical moment in the nation’s economic trajectory, potentially opening the door to new financial support and stability.
Source: allafrica
