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Mozambique: Nation Downgraded Over Secret Loans
AIM, 24 May 2016
The Fitch ratings agency on Monday downgraded Mozambique's long-term foreign and local currency Issuer Default Ratings (IDRs) to 'CC' from 'CCC'. Read more »
This means that, in the view of Fitch, a Mozambican default is imminent.
A shop in rural Mozambique
Important investigations have been published giving insight into secret and dubious financial dealings, writes Joseph Hanlon in Mozambique Reports and Clippings. Read more »
Major foreign donors have suspended their contributions to the government budget in the wake of revelations that the previous government incurred massive debts without disclosing ... Read more »
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