The Italian Ambassador to Mozambique, Gianni Bardini, advises the country to avoid loans as much as possible and to only try to access donations or concessionary credits, so as not to further aggravate the situation in which it finds itself, characterized by an unsustainable public debt. According to data from the Ministry of Economy and Finance (MEF), Mozambique's public debt is...
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April 15, 2023April 15, 2023Economy
"Mozambican public debt at risk of exceeding 100% of GDP again this year," warns IMF
The International Monetary Fund (IMF) believes that Mozambique's public debt could reach over 100% this year and next, despite the acceleration of economic growth to 5% and 8.2% in 2023 and 2024. According to the report on sub-Saharan Africa, released yesterday as part of the Annual Meetings of the IMF and...