00:00Mozambique has fully repaid its debt to the International Monetary Fund,
00:05clearing more than $630 million ahead of schedule.
00:08At the start of March, the country still owed over $515 million in special drawing rights.
00:15By the end of the month, that figure had dropped to zero,
00:18making Mozambique the only country among dozens to fully settle its IMF credit during that period.
00:24The early repayment could strengthen the government's position
00:27as it looks to secure new financial support.
00:31Mozambique has a low-income developing economy
00:34that relies heavily on agriculture, natural resources and foreign investment.
00:39Around 60-65% of the population lives below the national poverty line
00:44with higher rates in rural areas.
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