An International Monetary Fund (IMF) team, led by Pablo Lopez-Murphy, IMF mission chief for Mozambique, visited Maputo during September 9-18 to take stock of recent developments and hold discussions on reforms that could underpin a Fund-supported program. The team met with Prime Minister Maria Benvinda Levi, Finance Minister Carla Loveira, and Governor Felisberto Navalha of the Bank of Mozambique. The team also met with other senior government and central bank officials, members of the Parliamentary Budget Commission, the private sector, civil society organizations, and development partners.
At the conclusion of the mission, Mr. Lopez-Murphy issued the following statement:
“Mozambique continues to face significant macroeconomic challenges amid large fiscal and external imbalances, tight financing conditions, adverse climate shocks, and energy-related disruptions. At the same time, the country’s medium-term potential, including from the development of its natural gas resources, remains significant.”
“The mission noted that economic activity remains subdued but is showing signs of recovery. Inflation has remained contained, and the fiscal consolidation started in 2025 continues, anchored by expenditure restraint amid tight financing conditions.”
“The mission welcomed the authorities’ commitment to advancing reforms. Continued policy efforts will be needed to address fiscal and external imbalances, restore debt sustainability, and create the conditions for stronger, more inclusive and resilient growth.”
“Discussions on the reforms needed to pave the way for a Fund-supported program will continue in the coming months.”
Distributed by APO Group on behalf of International Monetary Fund (IMF).
