Treasury officials in Dakar forecast that debt servicing costs would increase by $1bn in 2026 (Dispatches, 27/10/25, Hidden loans ramp up debt servicing costs). He says that talks with creditors on a possible debt restructuring deal can start only after striking a new agreement with the Fund. On 14 January, Chapo said that a March staff visit by the IMF could produce an agreement. Last November, the IMF warned of Mozambique’s acute financing challenges, and recommended public spending cuts and boosting tax revenues. Chapo’s officials have hired New York-based management consultants Alvarez & Marsal to advise on debt restructuring.

Source: The North Africa Journal January 19, 2026 14:35 UTC