IMF Stops Funding for 'Distressed' Mozambique

The International Monetary Fund has made it clear that it will not disburse funds in a situation where it thinks the debt is not sustainable.

International Monetary Fund Managing Director Christine Lagarde (file photo).

  • Mozambique:   Creditors Promise Rough Ride on Debt Renegotiation

    Mozambique News Reports And Clippings, 31 October 2016

    In a week of rapid action, Mozambique released its debt report Monday October 24 and presented it to creditors on Tuesday and appealed for renegotiation of debt held by banks and… Read more »

  • Mozambique:   The House of Cards Has Collapsed

    Mozambique News Reports And Clippings, 31 October 2016

    Last week saw the final collapse of a house of cards built from greed and hubris. Mozambique admitted it cannot pay its debts; last week it was announced poverty and inequality… Read more »

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