The Bank of Mozambique (BM) warns that pressure on domestic public debt remains high.

According to WB data, domestic public debt, excluding loan and lease contracts and overdue liabilities, stands at 402.7 billion meticais.

This figure, according to the central bank's report, represents an increase of 90.3 billion compared to December 2023.

Meanwhile, the report indicates that the assessment of the risks and uncertainties associated with inflation projections remains favorable. "The stability of the Metical and commodity prices on the international market stand out as possible factors for containing inflation in the medium term," reads the central bank's report.

The document adds that international reserves are currently "at comfortable levels".

"Gross international reserves continue to grow and are at levels sufficient to cover more than five months of imports of goods and services," says the WB report.

It should be noted that last Tuesday Mozambique placed another 609 million meticais in an internal stock market issue of Treasury Bonds with a maturity of five years.