The International Monetary Fund (IMF) will send a delegation to Mozambique in November to discuss the country’s macroeconomic challenges and potential financial support.
This visit aims to assess policy priorities, balance-of-payments outlook, and financing needs as part of the 2025 Article IV consultation.
IMF Mission Chief to Mozambique, Pablo Lopez Murphy, stated that the talks will focus on addressing Mozambique’s economic instability, which was exacerbated by a sharp slowdown in growth following last year’s disputed election.
The IMF has recommended front-loaded fiscal consolidation and greater exchange-rate flexibility to restore macroeconomic stability.
The visit coincides with TotalEnergies’ preparation to resume work on its multibillion-dollar liquefied natural gas project, expected to boost economic growth and fiscal revenue by the end of the decade.
Mozambique’s President Daniel Chapo recently met with IMF Deputy Managing Director Bo Li, discussing the country’s economic prospects and potential support.
This development comes after Mozambique’s last IMF program ended earlier this year, with the country requesting a new program to address its economic challenges.
The IMF’s involvement is seen as crucial in supporting Mozambique’s economic recovery and stabilizing its finances.
