Mozambique reschedules debt repayments to China
By the AFREEQUE newsroom, based on Club of Mozambique
Mozambique and China have signed a supplementary framework agreement to reschedule repayments of Mozambique’s public debt. The agreement is intended to ease immediate pressure on the state budget and make payments more compatible with the country’s financial capacity, according to a statement from the Ministry of Finance.
Mozambique and China signed a supplementary framework agreement on Monday 26 October 2026 to reschedule repayments of Mozambique’s public debt. The agreement was signed in Maputo by Finance Minister Carla Loveira and Chinese Ambassador Zheng Xuan, according to a statement from Mozambique’s Ministry of Finance.
The agreement is part of the 2025-2029 medium-term public debt management strategy. It is intended to ease immediate pressure on the state budget and make public resource management more predictable, Carla Loveira said.
Implementation is to continue with the formalisation of the necessary instruments with the Export-Import Bank of China. The Mozambican government says it wants to preserve its ability to fund infrastructure, essential services and its economic and social priorities, according to the Ministry of Finance.
The Chinese ambassador reaffirmed Beijing’s willingness to strengthen financial cooperation with Mozambique. The agreement follows Daniel Chapo’s stated intention to expand economic cooperation with Russia.
