Maputo, 28 Oct (AIM) – Mozambique’s public debt with China will be restructured following the signing of a Supplementary Framework Agreement between the governments’ of both countries.
The agreement follows meetings held in China last April between Mozambican President Daniel Chapo and his Chinese counterpart Xi Jinping, in which China granted a partial forgiveness of Mozambique’s debt, amounting to 204 million yuan (1.9 billion meticais) in interest-free loans that were set to mature in December 2024.
The agreement was signed by the finance minister Carla Louveira and the Chinese ambassador to Mozambique Zheng Xuan. The agreement aligns with the Medium-Term Public Debt Management Strategy (2025–2029) and…