Mozambique’s public debt stock rose 2.8% in the first quarter of 2024 to 999 billion meticais (€14.5 billion), according to budget performance data accessed by Lusa this Wednesday.
According to a report from the Ministry of Economy and Finance, this total debt, both for domestic and external contracts, is comparable to 971.4 billion metics (14,117 million euros) for the same period in 2023.
“In accordance with the trend towards stabilization of the volume of external debt, during the first quarter the Government did not attract new loans, but initialed six financing agreements in the form of donations totaling $194.9 million. [181 milhões de euros] with multilateral partners, namely the World Bank and the African Development Bank,” the report says.
Author: Lusa
Source: CM Jornal
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