Mozambique's Ministry of Finance reported that Finance Minister Carla Loveira participated in the IMF African Constituency Group 1 meeting in Washington, DC, focused on assessing International Monetary Fund and World Bank projections for a global crisis linked to the war between Iran and the United States. In remarks on Mozambique, Loveira said the government is working with the banking sector on mechanisms to ensure sufficient foreign-exchange reserves to pay the country’s fuel bill. She also highlighted broader regional pressures, noting that Sub-Saharan Africa faces a turbulent fiscal environment shaped by cascading global shocks, geopolitical instability, climate disruptions and tighter financial conditions, including constraints on official development assistance. These conditions are deepening fiscal vulnerabilities, with many countries facing high debt levels, limited fiscal space and persistent balance-of-payments challenges.
Ministry of Finance (Mozambique) 2026-04-22
Mozambique's Ministry of Finance reviews crisis projections at IMF meeting and highlights fuel-import FX reserve work with banks
Mozambique’s Ministry of Finance reported that Finance Minister Carla Loveira attended the IMF African Constituency Group 1 meeting in Washington, DC, which assessed IMF and World Bank projections for a potential global crisis linked to the Iran–US war. Loveira said the government is working with banks on mechanisms to ensure sufficient foreign-exchange reserves to pay the fuel bill, and noted that Sub-Saharan Africa faces mounting fiscal vulnerabilities amid global shocks, geopolitical instability, climate disruptions and tighter financial conditions.