- Debt-to-GDP ratio forecast to peak at 104.7 % before easing below 100 % by 2029
- Economist urges contract renegotiation with resource firms to ease fiscal strain
Maputo, Mozambique – Mozambique’s debt burden is set to exceed the size of its entire economy for at least the next three years, according to new data from the International Monetary Fund’s Fiscal Monitor. The report projects public debt will reach 101.1 % of GDP in 2025, climbing to 104.2 % in 2026 and peaking at 104.7 % in 2027 before gradually falling below the 100 % threshold by 2029.
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