It has been a season of exuberance in Mozambique. Commencement of liquefied natural gas (LNG) exports in November 2022 ignited hopes of an economic renaissance for one of the world’s poorest nations, which has been caught in a public debt straitjacket amounting to $15.2 billion or more than 100% of GDP.
Amidst the enthusiasm, Mozambique is opting to tread carefully in hopes of…