Maputo — The Mozambican government's failure to pay interest of almost 60 million US dollars on the bonds originally issued by the Mozambique Tuna Company (Ematum), which fell due this week, comes as no surprise, the resident representative of the International Monetary Fund (IMF), Ari Aisen, told reporters on Thursday.
Speaking at a reception given by President Filipe Nyusi to the diplomatic corps, Aisen recalled that the default was in line with the warning given by the Minister of Economy and Finance, Adriano Maleiane, at a meeting with creditors in London on 25 October.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article