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…
The World Bank announced on Monday, February 23, 2026, that it aims to provide $6 billion in mostly concessional financing to Mozambique over the next five years. The funding is designed to support public investment projects as the Southern African nation grapples with strained public finances and recent IMF warnings…
Mozambique is reeling from catastrophic flooding that has affected more than 640,000 people, with over half of those displaced in Gaza province, according to authorities. The regional capital Xai-Xai is submerged, raising fears of hunger, disease, and long-term devastation. Humanitarian Crisis Unfolds Local officials are working with the National Disaster…
Authorities in Maputo, Mozambique reported on Thursday that 13 people have died in severe floods over the past two weeks, with aid workers warning that the toll is likely to rise as waters recede and more bodies are discovered. Widespread Devastation Heavy rains have caused rivers and dams to overflow,…
Sweden’s right-wing government has announced a sweeping overhaul of its international development strategy, discontinuing aid to four African countries and closing three embassies as part of a reallocation of resources aimed at increasing financial support for Ukraine. Development Aid Minister Benjamin Dousa confirmed on Friday that aid to Zimbabwe, Tanzania,…