The International Monetary Fund (IMF) is set to visit Mozambique in November to discuss possible financial support and review the Southern African nation’s macroeconomic outlook, amid efforts to stabilise growth following a year of fiscal and political turbulence, Reuters reported.

The upcoming mission will form part of the Fund’s 2025 Article IV consultation and will assess policy priorities, external financing needs, and Mozambique’s balance-of-payments position, according to IMF Mission Chief Pablo Lopez Murphy. The talks follow a meeting in Washington between IMF Deputy Managing Director Bo Li and Mozambican President Daniel Chapo, which the Fund described as productive.

Mozambique’s previous IMF programme — a 456 million US dollar Extended Credit Facility — expired earlier this year after both parties agreed not to proceed with the remaining reviews. The government has since requested a new arrangement, signalling continued pressure on the economy following a slowdown in growth and rising external imbalances.

In August, IMF staff warned that the country needs “decisive action” to restore macroeconomic stability after a sharp deceleration in the months following last year’s disputed elections. Recommended measures include front-loaded fiscal consolidation and greater exchange-rate flexibility to cushion external shocks.

The renewed engagement comes as TotalEnergies prepares to restart its multibillion-dollar liquefied natural gas project in northern Mozambique, which is expected to significantly boost exports and fiscal revenue toward the end of the decade.