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MEF: Mozambique Received Over $51.1M in Donations in Q1

MEF: Mozambique Received Over $51.1M in Donations in Q1

In the first quarter, Mozambique received more than 3.3 billion meticals (51.1 million dollars) in donations from international institutions, corresponding to 3.1% of the total the government expects to receive this year.

According to a report by the Ministry of Economy and Finance, published on Monday (27) by Lusa, the country also received more than 5 billion meticals (77.5 million dollars) in financing contracted abroad in the period under review, equivalent to 16.7 per cent of what is expected by 2024.

‘From January to March, public revenue accounted for 63.7 per cent of the sources of funds for the functioning of the state, followed by internal debt (12 per cent), external debt (4.4 per cent) and donations (2.9 per cent), as well as other types of financing (17 per cent),’ he explained.

The MEF recently announced that the stock of debt contracted internally and externally grew by 2.8 per cent in the first quarter of 2024, to 999 billion meticals (15.4 billion dollars).

According to the institution, of the state’s total debt on 31 March 2024, 651.1 billion meticals corresponded to external debt (multilateral, bilateral and sovereign debt securities), which in this case fell compared to the first quarter of 2023, when this ‘stock’ was 615.6 billion meticals.

In domestic debt, which includes the issue of Treasury bills and bonds, as well as loans from the Bank of Mozambique, the ‘stock’ went from 313.7 billion meticals to 347.8 billion meticals in one year.


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