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Mozambique Protests Spark Debt Default Fears

© Allen Dreyfus
  • 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.

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