Mozambique Protests Spark Debt Default Fears

• Unrest following disputed elections disrupts trade and government revenue, raising default risks.
• Mozambique faces $600 million in bond maturities this year as public debt surpasses 94% of GDP.

Widespread protests over Mozambique’s contested October elections have plunged the economy into disarray, disrupting trade and slashing government revenue. The unrest, which has brought key sectors to a halt, has exacerbated fears that the southeastern African nation may struggle to meet its $600 million bond maturities due this year.