What is Mozambique's current debt restructuring goal with China, and how does it compare to its recent deal with Brazil?

Mozambique aims to reach a debt rescheduling and restructuring agreement with China 'similar to the one with Brazil', which involved restructuring about $143 million of debt through an initial payment within 60 days and the remainder in 10 semi-annual installments at a fixed rate of 3.625%. China is Mozambique’s largest bilateral creditor, holding approximately $1.45 billion in outstanding loans, according to the IMF.

What are Mozambique's key economic priorities as stated by President Chapo, and what progress has been made on them?

President Chapo stated Mozambique is pursuing three interlinked priorities: finalizing a debt restructuring deal with China, securing a new IMF program this year (though size and structure remain undecided), and advancing major LNG projects — notably ExxonMobil’s $30 billion Rovuma Basin project targeting a September final investment decision, and ongoing talks with TotalEnergies over force majeure costs following the resumption of its LNG project after a five-year suspension due to insurgency in Cabo Delgado.

Mozambique President Eyes China Debt Deal Modeled on Brazil Pact

Jul 16, 2026

Mozambique seeks debt restructuring with China while advancing a $30 billion ExxonMobil LNG project and resolving TotalEnergies costs amidst improved security in Cabo Delgado.

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