Mozambique’s Finance Ministry said on Friday, it hoped the International Monetary Fund mission that ended this week would pave the way for a new support programme.
The ministry noted that a follow-up mission could take place, possibly in November, to discuss programme conditions and targets.
In its end-of-mission statement, the IMF said, “talks on the reforms needed to pave the way for a Fund-supported programme would continue in the coming months”. The Fund indicated that more reforms may still be required.
The September 9–18 mission, led by IMF Mission, Chief Pablo Lopez-Murphy, held discussions with Prime Minister Maria Benvinda Levi, Finance Minister Carla Loveira and Central Bank Governor Felisberto Navalha.
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Mozambique’s previous IMF programme ended early in April 2025. Talks on a new arrangement are expected to depend on further economic reforms.
The IMF said economic activity remains subdued but is showing signs of recovery, with inflation contained and fiscal consolidation that began in 2025 continuing through spending restraint.
One of the country’s most pressing challenges remains its heavy debt burden, which a joint World Bank and IMF analysis has classified as unsustainable.
Delays to major natural gas projects, which had been expected to boost exports, revenue and government finances, have added to the difficulties.
Earlier this year, Mozambique cleared its outstanding obligation with the IMF, a step analysts said would strengthen its case for fresh funding.
