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IMF Staff Mission to Mozambique
FOR IMMEDIATE RELEASE
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision. - IMF staff and the Mozambican authorities reviewed recent economic developments and held constructive discussions on reforms that could underpin a Fund-supported program.
- Mozambique continues to face significant fiscal and external challenges, despite ongoing fiscal consolidation, but inflation remains contained.
- Further reforms are needed to restore debt sustainability, address external imbalances, and support stronger, more inclusive and resilient growth.
Washington, DC – September 18, 2026: 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.”
English: https://www.imf.org/en/news/articles/2026/09/18/pr26295-mozambique-imf-staff-mission-to-mozambique
Media contact: Rahim Kanani RKanani@IMF.org
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