Mozambique received 2.9% less in external loans last year, public sector received more than half

Login

Register

http://www.clubofmozambique.com/

Mozambique received 2.9% less in external loans last year, public sector received more than half

2:50 CAT | 24 Jun 2025

File photo: Lusa

External loans to Mozambique fell by 2.9% in 2024, to US$534.3 million, with more than half of this going to the public sector, according to data from the central bank analysed today by Lusa.

According to a Bank of Mozambique report on the 2024 balance of payments, this figure contrasts with the US$550 million disbursed in 2023, a decrease “essentially determined by the reduction in the contracting of external debt by other sectors in the order of 7.5%”.

Disbursements to the public sector rise 1.16%

Even so, the public sector once again led external disbursements to Mozambique last year, with US$285.8 million, an increase of 1.6% compared to 2023, mainly for project loans and a small part, US$2.3 million, for retrocession agreements.

This growth “was determined by the increase in multilateral credits”, the document points out.

For the private sector, US$248.5 million were disbursed, a reduction of 7.5% compared to 2023, of which US$51 million, 73.9% less in one year, were for the energy sector.

Loans for companies in the energy sector were aimed at supporting the national strategy of diversifying sources of electricity production, while those in the financial sector were directed towards promoting rural activities, the report reads.

The financial sector received disbursements of US$106.4 million and industry US$74.1 million, among others, according to data from the central bank.

Source: Lusa