Mozambique has successfully repaid its debt to the International Monetary Fund (IMF), settling more than $630 million ahead of schedule, the government confirmed. As of early March, the country still owed over $515 million in Special Drawing Rights (SDRs), but by the end of the month, that liability had been fully cleared.
This makes Mozambique the only country among dozens with IMF obligations during this period to fully settle its credit early. Analysts say the repayment could strengthen the government’s position as it seeks new financial support. A prior IMF programme, approved in 2022, was suspended in 2025 after only part of the funds had been disbursed.
Originally, Mozambique was expected to continue repayments through 2029, but the early settlement eliminates that timeline. Discussions are reportedly underway for a potential new programme to support economic stability and deepen ties between the country and the IMF.
Mozambique, a low-income developing nation, relies heavily on agriculture, natural resources, and foreign investment. Approximately 60–65% of the population lives below the national poverty line, with rural areas facing the highest rates. Clearing the IMF debt is widely seen as a strategic move to improve access to future funding and reinforce economic resilience.
