{"id":99327,"date":"2026-04-08T16:51:45","date_gmt":"2026-04-08T16:51:45","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves"},"modified":"2026-04-08T17:40:41","modified_gmt":"2026-04-08T17:40:41","slug":"mozambique-settles-e630-million-imf-debt-using-reserves","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves","title":{"rendered":"Mozambique Settles \u20ac630 Million IMF Debt Using Reserves"},"content":{"rendered":"
\n

What You Need to Know<\/h4>\n

Mozambique’s Finance Minister Carla Loveira announced the full repayment of a \u20ac630 million debt to the IMF using net international reserves. This strategic move, made without altering the state budget, reflects the country’s strong financial position, with reserves reaching a record $4.152 billion. The Confederation of Economic Associations hailed this as a sign of macroeconomic responsibility and<\/p>\n<\/div>\n

Africa-Press – Mozambique. <\/strong> <\/span>Mozambique\u2019s Finance Minister Carla Loveira said on Tuesday that the government paid the total \u20ac630 million debt to the International Monetary Fund (IMF) with net international reserves without compromising state institutions.<\/p>\n

\u201cWe paid our debt service to the IMF using the country\u2019s net international reserves, which are available at international financial institutions,\u201d she said.<\/p>\n

She spoke in Maputo during celebrations for Mozambican Women\u2019s Day, a national holiday. She explained that the resources used for the full \u20ac630 million early repayment were financial positions the country held, meaning no budget changes were necessary.<\/p>\n

She said there was no risk to state institutions because the government did not use the state budget for the payment. Lusa reported on 12 March that Mozambique\u2019s international liquid reserves grew in January to a new record of $4.152 billion (\u20ac3.595 billion), according to Bank of Mozambique statistical data.<\/p>\n

These reserves, which are foreign currency needed to import goods and services, rose 1% in September to $3.937 billion (\u20ac3.409 billion) and again in October, after reaching a previous peak of $4.035 billion (\u20ac3.494 billion) in August. From December to January, reserves rose by almost 1% more, ensuring more than three months of import needs for goods and services.<\/p>\n

Mozambique\u2019s Confederation of Economic Associations (CTA) said on Friday that the debt settlement is a \u201csignificant sign\u201d of macroeconomic responsibility and international credibility. The confederation also asked for attention to \u201clarge domestic debts\u201d.<\/p>\n

The Finance Ministry confirmed on Thursday that it had made a full and early repayment of \u20ac630 million to the IMF. The ministry said it had settled loans contracted under the Poverty Reduction and Growth Trust (PRGT), which provides low-interest financial support to low-income countries.<\/p>\n

In a statement, the ministry said it made early reimbursements of all the country\u2019s obligations under the PRGT program, totalling almost $699 million (\u20ac630 million).<\/p>\n

Business leaders believe that settling the total debt builds partner confidence and creates conditions to deepen economic and financial cooperation. However, they warned that macroeconomic stability requires \u201cconsistent internal measures that promote inclusive and sustainable growth.\u201d<\/p>\n

Mozambique has faced significant economic challenges in recent years, including high levels of debt and reliance on international financial institutions. The government’s decision to repay its IMF debt using international reserves is a strategic move aimed at enhancing its credibility and financial stability. This repayment is part of broader efforts to manage the country’s economic obligations while ensuring that essential state functions remain unaffected. The use of reserves for debt repayment indicates a careful approach to fiscal management, reflecting the government’s commitment to maintaining macroeconomic stability and fostering international partnerships.<\/p>\n

Find more news and analyses on Mozambique<\/span> on the Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"

What You Need to Know Mozambique’s Finance Minister Carla Loveira announced the full repayment of a \u20ac630 million debt to the IMF using net international reserves. This strategic move, made without altering the state budget, reflects the country’s strong financial position, with reserves reaching a record $4.152 billion. The Confederation of Economic Associations hailed this […]<\/p>\n","protected":false},"author":84,"featured_media":99326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[8522,8524,508,8624,283],"class_list":["post-99327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-debt-repayment","tag-economic-stability","tag-imf","tag-international-reserves","tag-mozambique"],"yoast_head":"\nMozambique Settles \u20ac630 Million IMF Debt Using Reserves - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique's government repays \u20ac630 million IMF debt using international reserves, ensuring no impact on state institutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique Settles \u20ac630 Million IMF Debt Using Reserves\" \/>\n<meta property=\"og:description\" content=\"Mozambique's government repays \u20ac630 million IMF debt using international reserves, ensuring no impact on state institutions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-08T16:51:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-08T17:40:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775669278.507898.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique Settles \u20ac630 Million IMF Debt Using Reserves\",\"datePublished\":\"2026-04-08T16:51:45+00:00\",\"dateModified\":\"2026-04-08T17:40:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\"},\"wordCount\":509,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2026\/04\/sm_1775669278.507898.jpg\",\"keywords\":[\"debt repayment\",\"economic stability\",\"IMF\",\"international reserves\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-settles-e630-million-imf-debt-using-reserves\",\"name\":\"Mozambique Settles \u20ac630 Million IMF Debt Using Reserves - 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