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Mozambique: Hidden Debts 'Should Be Declared Unconstitutional'
AIM, 5 July 2017
The Budget Monitoring Forum (FMO), a coalition of Mozambican civil society organizations, on Wednesday submitted a request to the Constitutional Council, the highest body in… Read more »
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Mozambique: Catholic Bishops Demand Action On Secret Debt
AIM, 5 July 2017
The Mozambican Catholic Church has added its voice to those demanding that the debts of the security-related companies Ematum (Mozambique Tuna Company), Proindicus and MAM… Read more »
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Mozambique: Financial Times On Secret Debt; Renamo Says no Troops Withdrawn
Mozambique News Reports And Clippings, 5 July 2017
Surprising support for non-payment from Financial Times Read more »
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Mozambique: Foot-Dragging On Peace; Kroll Responses
Mozambique News Reports And Clippings, 2 July 2017
Government failed to withdraw its troops from Gorongosa by Friday 30 June, as President Filipe promised Renamo head Afonso Dhlakama on the telephone at the beginning of May. In an… Read more »
Calls For Legal Action As Audit Exposes Mozambique Debt Shame
Civil society organizations have added their voice to those demanding that the loans borrowed from European banks in 2013 and 2014 by three Mozambican security-related companies be declared unconstitutional. The government has not done enough to explain how U.S.$2 billion in loans was spent and roughly a quarter of the money remains unaccounted for.
InFocus
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This year, Mozambique, which had a GDP of $15 billion in 2015, began to default on debt repayments. Public opinion has heaped the blame squarely on Guebuza, a two-term president ... Read more »
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Parliament has legalised the remainder of the U.S.$2 billion secret loans and accepted them as legitimate government debt before the completion of a forensic audit, in a move that ... Read more »
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Economy and Finance Minister Adriano Maleiane has defended the feasibility study which was used to justify the U.S.$2 billion in secret loans, reports Mozambique News Reports And ... Read more »
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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. Read more »
