Mozambique's external debt, up to the end of June, shows that more than 20% of this amount was contracted with China and Portugal. These two countries together account for almost 2,000 million euros of Mozambican debt, according to recent information from a government report.
According to the document from Mozambique's Ministry of Economy and Finance, at the end of the first half the country recorded an external public debt of more than 10,215 million dollars. This figure represents a decrease of 2.9% compared with the first quarter of the year. Of the total amount, 52.1% relates to debts contracted with multilateral creditors, amounting to 5,326 million dollars, which represents an increase of 6.5% on the previous quarter. Of this amount, 3,045 million dollars comes from financing by the International Development Association, part of the World Bank group.
On the other hand, bilateral creditors account for 39% of Mozambique's external public debt, a total of 3,988 million dollars up to the end of June. China alone is responsible for 15.8% of this amount, equivalent to more than 1,616 million dollars. Portugal, for its part, accounts for 4.4% of the debt, a total of 452.3 million dollars, having recorded a reduction of 4.7% in just three months.
Besides China and Portugal, other countries also appear as bilateral creditors of Mozambique. Libya, for example, has a credit of 253.3 million dollars, while Angola holds 61.4 million dollars. Brazil and Russia are also on this list, with amounts of 47.4 million and about 56 million dollars respectively.
These figures reflect the complexity and diversity of Mozambique's financial relations on the international stage, as well as the challenges the country faces in managing its external debt.
