Mozambique's State Business Debt Sees 4% Increase in Q3 2024
2025-01-23
clubofmozambique.com
Mozambique's state business sector debt has experienced a notable increase, with a 4% growth in the third quarter of 2024. According to the Ministry of Finance, the debt now totals 39,695 million meticais, equivalent to approximately €600 million. This significant rise in debt is a key concern for the country's economic stability. The report highlights the need for effective debt management strategies to ensure sustainable economic growth and development in Mozambique, a country with a growing economy in Southern Africa, underlining the importance of economic planning and public finance management.
