The International Monetary Fund (IMF) will conduct a review mission to Mozambique from 8 to 12 June to discuss the “best way” to support the country, an official source at the financial institution told Lusa.
Asked by Lusa on Saturday (29 May), an IMF official source confirmed that Pablo López Murphy, head of the IMF Mission to Mozambique, will lead the visit, which comes at a time when the Mozambican government says it is negotiating a new support programme.
“The purpose of the visit is to take stock of recent economic developments and discuss the best way for the IMF to support Mozambique in the future,” the source added.
The previous IMF mission to Mozambique took place in December, although it was part of the institution’s regular consultations.
Mozambique’s Ministry of Finance previously confirmed that it made an “early and full repayment” of US$698,587,604 (€630 million) to the IMF on 23 March, settling loans contracted under the Poverty Reduction and Growth Trust (PRGT).
The payment was made using the country’s Net International Reserves (NIR), a decision which Finance Minister Carla Loveira said this month demonstrated the country’s “capacity for prudent management” of its commitments, proving to markets that Mozambique intends to “restore confidence”.
“By settling this obligation ahead of schedule, the Mozambican state demonstrates its capacity for prudent management of its external commitments, strengthening its reputation as a credible partner within the international financial system,” Carla Loveira told parliament while responding to questions from MPs.
“This decision sends a clear message to the markets: Mozambique honours its commitments and is committed to restoring confidence, in an increasingly demanding global context in terms of transparency and debt sustainability,” she added, stressing that the move “has concrete effects on perceptions of the country’s risk”.
Loveira insisted that the “reduction of exposure to the IMF is interpreted as a sign of a stronger external position and greater autonomy in the conduct of economic policy”, which “tends to improve the sovereign risk profile”.
“This strengthening of credibility may, in the medium term, translate into better conditions for external financing, greater investor appetite and the gradual reopening of access to international capital markets,” Carla Loveira said.
In its most recent assessment of the country, released in February, the IMF did not anticipate any decisions regarding new support for Mozambique, which the government has been trying to secure for the past year.
The document notes that, under the latest Extended Credit Facility (ECF) programme, the IMF approved financing of around US$468 million (€398.5 million) for Mozambique in 2022. However, the programme was suspended in April 2025 after approximately US$343 million (€292 million) had been disbursed in four tranches.
Mozambican President Daniel Chapo said last June that he expected a new support programme with the IMF to be signed during 2025, expectations that were reiterated in the following months and again at the beginning of 2026.
Source: Lusa