Mozambique: Govt Working to Restore Confidence - Nyusi

Brussels — Mozambican President Filipe Nyusi said in Brussels on Friday that the government is working at top speed on the political and diplomatic front to explain, with transparency, the country's public debt, in order to restore the confidence of creditors and cooperation partners, badly shaken by the revelation that over a billion dollars of government guaranteed loans had not been disclosed to the International Monetary Fund (IMF).

Speaking to reporters at the end of his two day working visit to Belgium and to the Brussels-based institutions of the European Union, Nyusi said the country's partners have recognized the merit in the way the Government is seeking to deal with the undisclosed debts.

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