Story perspectives

Mozambique Becomes First Nation to Clear IMF Debt

4/2/2026

Summary

Story summary

Mozambique repaid its debt to the International Monetary Fund (IMF) in March 2026, clearing 514.04 million SDRs, becoming the only country among 85 to zero IMF debt.
The government negotiates a new financial program; a post-financing review is planned for August 2026.
Mozambique's Extended Credit Facility was suspended in April 2025 after disbursing $343 million.
President Daniel Chapo said a new agreement is anticipated soon, and the IMF supports stability.

History

Historical Context

Mozambique's economic recovery has roots in its tumultuous history, marked by independence in 1975 and a devastating civil war from 1977 to 1992. Following extensive reforms and structural adjustments initiated in the late 1980s, Mozambique became the first country to repay its IMF debt in 2026, totaling 514.04 million Special Drawing Rights, setting a precedent for others facing similar challenges.

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Story summary

Mozambique repaid its debt to the International Monetary Fund (IMF) in March 2026, clearing 514.04 million SDRs, becoming the only country among 85 to zero IMF debt.
The government negotiates a new financial program; a post-financing review is planned for August 2026.
Mozambique's Extended Credit Facility was suspended in April 2025 after disbursing $343 million.
President Daniel Chapo said a new agreement is anticipated soon, and the IMF supports stability.

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