Prime Minister Benvinda Levi announced that the Mozambican government expects to lower its borrowing needs through increased revenue collection and fiscal reforms. She told parliament that economic policies aimed at diversifying production and strengthening value chains would stimulate growth, thereby raising state income and creating jobs. Levi also reiterated a commitment to improving debt management and achieving fiscal sustainability.
This statement follows a reported decrease in the national debt, which fell to approximately 14.5 billion euros by the end of the third quarter. Finance Minister Carla Loveira had previously identified public debt sustainability as a major challenge. The government is pursuing several reforms, including the development of a new Public Debt Management Strategy and the engagement of the American firm Alvarez & Marsal for advisory services on debt restructuring.
This statement follows a reported decrease in the national debt, which fell to approximately 14.5 billion euros by the end of the third quarter. Finance Minister Carla Loveira had previously identified public debt sustainability as a major challenge. The government is pursuing several reforms, including the development of a new Public Debt Management Strategy and the engagement of the American firm Alvarez & Marsal for advisory services on debt restructuring.
