Mozambique has cleared all its outstanding debt to the International Monetary Fund (IMF), fully paying 515.04 million Special Drawing Rights (about US$630 million) by the end of March in a move expected to strengthen the country’s prospects for renewed Fund support.
IMF data for March show Mozambique’s credit outstanding falling from 515.04 million SDRs to zero, making it the only country among 85 listed to settle its arrears in full during the period.
According to state-run AIM news agency, the early repayment effectively cancels a repayment schedule that stretched from 2026 to 2029, under which Mozambique was due to pay nearly US$471 million.
The country’s arrears stemmed from the suspension of its Extended Credit Facility programme in April 2025.
Approved in 2022 for about US$468 million, the programme disbursed four tranches totalling roughly US$343 million before being halted.
By February this year, Mozambique’s outstanding credit had reached 226 per cent of its IMF quota and the Fund did not announce any new support at that time.
JN/APA