Mozambique’s government debt fell to 91% of GDP in 2024 from 97.7% in 2023, mostly reflecting the out-of-court settlements pertaining to the ‘hidden-debt scandal’. Fitch said it expects government ...

According to Fitch Ratings, the suspension of USAID support to Mozambique, which represented the equivalent to 3% of Mozambique’s GDP, also impacted the country’s foreign currency supply situation.