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President Daniel Chapo’s hopes of securing a new International Monetary Fund (IMF) loan to trigger investment in the country’s ailing economy have been dashed. The IMF board has demanded major fiscal reforms and a devaluation of the local currency as prerequisites for any loan agreement.
Analysts suggest that meeting these demands without significant concessions from the ruling Frelimo party will prove difficult for Chapo. This is largely due to the personal profit motives and the system of patronage that currently sustains the Frelimo party’s operations.
Mozambique:
IMF Dashes Chapo’s Hopes and Sets the Course for Hard Times
Mozambique News Reports And Clippings, 18 February 2026
Chapo’s hopes for IMF approval were dashed today (17 February) by the IMF Executive Board, with no discussion of a new loan or programme. President Daniel Chapo has publicly put… Read more »
Mozambique:
Chapo Discusses Budget Support With World Bank
AIM, 30 October 2025
Mozambican President Daniel Chapo has announced that he is working with the World Bank to consolidate the resumption of financial support for the State Budget. Read more »
Mozambique:
IMF Mission to Visit Mozambique in November
AIM, 28 October 2025
Mozambican President Daniel Chapo has announced that a mission from the International Monetary Fund (IMF) will visit Mozambique next November in order to assess the government’s… Read more »
Mozambique:
IMF Demands Austerity and Devaluation
Mozambique News Reports And Clippings, 10 September 2025
There will be no IMF agreement or loans this year, said the IMF team which visited Mozambique 21-29 August. It simply said negotiations “will continue in the coming months”. And it… Read more »
Mozambique:
9 Million Mozambicans Live Below the Poverty Line – What’s Wrong With the National Budget and How to Fix It
The Conversation Africa, 15 October 2024
Mozambique ranks in the bottom 20 of the human development index. This measures a country’s progress based on key dimensions such as a long and healthy life and a decent standard… Read more »
Mozambique:
Mozambican Govt Will Face Challenges to Pay Domestic Debt
AIM, 11 September 2024
The Standard & Poor’s (S&P) rating agency, based in New York and London, has warned that the Mozambican government will face challenges to pay its domestic debt, totalling… Read more »
Mozambique’s public debt currently stands at U.S.$12.37 billion, of which about 16% is owed to China, Minister of Economy and Finance, Adriano Maleiane has said. Of the total U.S.$12.37 billion dollars of public debt, U.S.$9.85 billion is foreign debt, and the rest domestic debt, raised through high interest-bearing treasury bonds. U.S.$4.35 billion dollars of the foreign debt is owed to multilateral institutions such as the World Bank and the African Development Bank. However the debt owed by
Mega gas deals are being signed quickly in Mozambique, each one bigger and more catalytic than the previous. The opportunities for one of the poorest countries in the world to pick itself up by the bootstraps are immense, writes Sasha Planting for Daily Maverick.
Mozambican President Daniel Chapo.