London — The International Monetary Fund (IMF) has rescheduled the mission to Mozambique that was cancelled when undisclosed government-guaranteed debt came to light in April.
At a press conference in Washington on Thursday, the Fund's Director of Communications, Gerry Rice, explained that during meetings with the IMF, “the Mozambican authorities confirmed the existence of a large amount of borrowing that had not been previously disclosed to the Fund. Since then the Mozambican authorities have been working closely with us to ascertain the facts”.
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