Mozambique: National Economy Shows Signs of Recovery in the First Quarter of 2026
The Balance of the Economic and Social Plan and State Budget (PESOE) for the first quarter of 2026 revealed a stabilization of key macroeconomic indicators, with the exchange rate settling at 64.20 meticais per dollar and inflation at 3.98%. The Government highlighted that, despite an adverse international environment marked by slowing global growth, the country managed to maintain gross international reserves covering 4.8 months of imports.
The analysis of quarterly performance shows that, out of 90 planned indicators, 73 (81%) recorded positive results, while 19% fell short of their targets.
“The performance of the economic and social plan and the state budget was positive, with 81% of indicators showing favorable outcomes,” said Inocêncio Impissa, emphasizing that the economy is showing signs of gradual recovery after a contraction of 0.52% experienced in the previous year.
The Government acknowledges that the beginning of 2026 was affected by extreme weather events and geopolitical tensions that impacted supply chains. However, systematic monitoring ensures that actions remain aligned with the Five-Year Program 2025–2029 and the National Development Strategy.