Mozambique’s new central bank governor, Felisberto Navalha, announced measures aimed at boosting foreign exchange supply in the southeast African nation that’s been struggling with shortages for months.

Mozambique is considering converting the $1.4 billion it owes China into renminbi loans as part of a debt restructuring with its biggest bilateral creditor, in line with similar moves by other African sovereign borrowers.

Mozambique will continue to work with the International Monetary Fund on the framework for a new program after repaying $700 million to the fund early and in full, the finance ministry said.

Mozambique has repaid about $700 million to the International Monetary Fund ahead of schedule and in full, in a surprise move that raises questions about its motivations and the status of talks over a potential new program with the lender.

Mozambique repaid about $700 million to the International Monetary Fund ahead of schedule and in full — a surprise move that raised questions about its motivations and the status of talks over a potential new program with the lender.

Mozambique’s central bank ended a record rate-cutting streak that lasted more than two years as rising government debt and the Iran war cloud the southeast African nation’s inflation outlook.

The European Union’s financial support for Rwandan troops helping to fight an Islamic State-linked insurgency in Mozambique expires in May and there are no plans to extend it, according to people familiar with the matter.

Mozambique expects to secure about $10 billion in financing from the World Bank Group in the coming years to support economic growth and job creation, the finance minister said.

TotalEnergies SE formally restarted construction of a $20 billion liquefied natural gas project in Mozambique, ending a nearly five-year delay in developing one of Africa’s biggest-ever investments.

Mozambique’s central bank extended its longest rate-cutting cycle, lowering its benchmark to a record low, while signaling that there is limited scope for further easing.

Mozambique’s central bank extended its longest rate-cutting cycle, lowering its benchmark to a record low, while signaling that there is limited scope for further easing.

Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.

Mozambican President Daniel Chapo canceled a trip to the World Economic Forum in Davos after the worst flooding in decades in the southeast African nation killed more than 100 people and damaged or destroyed tens of thousands of homes.

The International Monetary Fund said it’s working hard to create the necessary conditions for a new financed program with Mozambique, as the southeast African nation faces “immense pressures.”