Mozambique: International Reserves Tend to Recover After Debt Repayment to IMF

Maputo — Mozambique’s Net International Reserves (NIR) rose to 3.5 billion dollars last May, indicating a reversal of previous declines following the government’s decision to fully repay the outstanding debt of 515.04 million Special Drawing Rights (equivalent to 630.1 million US dollars) to the International Monetary Fund (IMF) by the end of March.

Mozambique was scheduled to repay the IMF 98 million dollars in 2026, 107.5 million in 2027, 129.3 million in 2028, and 136.4 million dollars in…