O stock of the government's total debt is currently counted at about $14 billion, corresponding to approximately 79 percent of the Gross Domestic Product (GDP), according to the spokesman for the Ministry of Economy and Finance (MEF), Alfredo Mutombene.

Of this amount, about 10.4 billion is external debt, that is, with international creditors, especially the International Monetary Fund (IMF), the World Bank, the United Nations and the European Union, the African Development Bank (ADB), and the African Investment Fund (IAF), among others. And the remainder is owed to foreign governments or their financing and export agencies.

Regarding internal debt, the Government has debts in the form of Bonds and Treasury Bills with the Bank of Mozambique, which carried out financial operations aimed at restoring the accounts of the companies that make up the State Business Sector (SEE), and has also contracted debts with the commercial banks, under a leasing regime, for the construction and equipping of public buildings, among other goods and services.

According to Alfredo Motombene, what draws attention in the internal debt is not the contracting of new debts, but the existence of debts not accounted for at the Government level, with emphasis on leasings that were not accounted for in this debt.

To avoid the continuous increase in debt, the new government strategy is to contract purely concessional debt, with low interest rates and higher maturity levels. This is a new debt strategy, effective this year, which will necessarily lead the government to stop contracting commercial and other similar loans.

Muthombene assures that the government has deepened its engagement with the IMF in a negotiation of the macroeconomic structural reform program which resulted in the agreement to implement an Extended Credit Facility (ECF).

the ECF is to be implemented from this year until 2025 and aims to support economic recovery efforts after successive shocks.