President Daniel Chapo announced that Mozambique rejected international partner proposals that would increase the domestic cost of living.
Speaking in Nampula province, Chapo emphasized that economic reforms must shield citizens while fostering long-term sustainable growth.
Although no specific institutions were named, the statement follows recent IMF calls for sweeping public finance management reforms.
The President stated that the government remains open to dialogue but will block measures compounding local economic hardships.
During an executive session, officials also evaluated the province’s five-year development plan to identify future investment opportunities.
Chapo urged deep analysis of public expenditure trends to better understand factors limiting the state’s financial capacity.
At a subsequent public rally in Malema district, the President unveiled measures to boost local economic development.
The government will double resources for the Local Economic Development Fund to expand financing for small businesses.
This funding boost specifically targets young entrepreneurs, women, and small business owners previously excluded by resource constraints.
Chapo additionally announced an expansion of the public bus procurement program to benefit several new municipalities.
The state committed to ongoing investments in water supply, rural electrification, road rehabilitation, and essential social infrastructure.