This article analyzes Mozambique's transition to a market economy and the adoption of neoliberal policies under the influence of the Bretton Woods institutions over the last two decades. It explores the challenges faced, such as conflicts, natural disasters, and financial crises, as well as the economic and social reforms implemented to combat poverty and promote socio-political stability. It highlights the importance of diplomacy and foreign policy in the country's reconstruction and development, addressing Mozambique's historical and contemporary relations with the international community, including strategic partnerships with China, Brazil, and India. Using a qualitative approach based on a literature review, the study analyzes retrospectives, achievements, challenges, and perspectives of Mozambican diplomacy. The results suggest that multilateral diplomacy has been essential for conflict resolution, attracting investment, and promoting socio-economic development. Partnerships with China, Brazil, and India have driven growth, although this process has advantages and disadvantages.