Mozambique To Renegotiate Debt After Agreement on New IMF Program

The bitter pill of an IMF deal

Good afternoon. The government keeps talking about reaching a deal with the International Monetary Fund (IMF) on a new loan programme. The latest example is in an interview President Daniel Chapo gave to Bloomberg Television, where he talked about renegotiating the state’s foreign debt ($9.8bn at the end of 2024) once a deal has been reached and “trust” with foreign creditors has thus been established (see below). The last such programme ended i…

Mozambique To Renegotiate Debt After Agreement on New IMF Program

President Daniel Chapo of Mozambique said on Wednesday that his government will start talks with creditors to renegotiate it's debt after reaching an agreement on a new program with the International Monetary Fund. iThe southern African country said it is currently in talks with the IMF on a new facility to stabilize the economy, curb