By Enyichukwu Enemanna
Mozambique has repaid in full its debt to the global lender, the International Monetary Fund (IMF), clearing more than 630 million dollars ahead of deadline.
The African country in the beginning of March was still owing over 515 million in Special Drawing Rights. The figure however was brought to zero by the last day of the month.
With this, Mozambique the only country among dozens to fully settle its IMF facility during that period.
According to financial analysts, the early repayment could strengthen the government’s position as it looks to secure new financial support.
A previous IMF loan request, which was approved in 2022, was suspended in 2025 after only part of the funds had been disbursed.
Mozambique had originally been expected to continue repayments through 2029, but that timeline has now been cut short.
Talks have already commended on the possibility of a new programme, aimed at supporting economic stability and reinforcing ties between Mozambique and the IMF.
Clearing the debt is widely seen as a key step toward unlocking future funding under the presidency of Daniel Chapo, who was sworn-in January 2025 with a promise of economic turnaround and fight against corruption.
Mozambique has a low-income, developing economy that heavily depends on agriculture, natural resources, and foreign investment.
