Mozambique clears IMF debt early
Africanews · Just In
Africanews
Just In
Mozambique has fully repaid its debt to the International Monetary Fund, clearing more than 630 million dollars ahead of schedule.
Breakdown
- Mozambique repaid over $630 million to the IMF ahead of schedule 4s
- Debt dropped from $515 million to zero by end of March 8s
- Mozambique was the only country to fully settle IMF credit in that period 18s
- Early repayment may help Mozambique secure new financial support 24s
- 60-65% of Mozambicans live below the poverty line, higher in rural areas 42s