Maputo, 17 May (AIM) – Mozambique’s public debt reached, over the last five years, 1.090 trillion meticais (about 17.1 billion dollars dollars at the current exchange rate), which corresponds to 72.23 percent of Gross Domestic Product (GDP).
According to the 2025 General State Account (CGE), the country’s public debt grew 20 percent over the last five years.
“The public debt grew from 909.1 billion in 2021 to to 1.090 trillion meticais. This increase was largely driven by the accelerated growth of domestic debt, with a greater emphasis on short-term debt justified by weak demand for medium-term instruments” reads the document.
It means that the public debt stock remains predominantly composed of external debt, which represents 56 percent of the total, while the remaining 44 percent corresponds to domestic debt.
“The accumulated balance of public debt at the end of the 2025 economic year, excluding State guarantees, rose to the equivalent of 72.23 percent of GDP, with a nominal increase of 4.5 percent compared to 2024”, reads the report.
Over the last five years, Treasury Bonds stock rose 6 percent to 193.3 billion meticais, equivalent to 12.8 percent of GDP.
According to the latest report by the International Monetary Fund (IMF), Mozambique faces increasingly difficult financing conditions influenced by delays in debt servicing. This led to cuts in the acquisition of goods and services in 2025.
By the end of March, the country paid fully its outstanding debt of 515.04 million Special Drawing Rights (equivalent to 630.1 million US dollars) to the IMF.
Minister of Finance, Carla Louveira, claimed that the full payment of the debt is aimed at restoring the country’s credibility in the international market.
According to Louveira, the country’s repayment of debt to the IMF must be regarded as a sign of strengthening the external position and greater autonomy in conducting economic policy, “which tends to improve the sovereign risk profile.”
The country’s outstanding debt fell to zero by the end of March. Mozambique is the only country in this situation among 85 countries listed.
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