-
Mozambique: Internal Public Debt Set to Increase
Verdade, 29 May 2018
The Government of Filipe Jacinto Nyusi plans to increase the Internal Public Debt during the 2018 fiscal year by at least 84.2 billion meticais to finance its State Budget which is… Read more »
Debt Still Secret, But Mozambique Govt Plans More
With crucial details of the U.S.$2 billion loan still secret, Mozambicans are paying the price as the Filipe Nyusi-led government plans to increase the internal public debt by at least U.S.$1,4 billion to finance the state budget. Mozambique's international partners have decided to suspend aid to the country for the third consecutive year, following reports of hidden debt in the public accounts.
InFocus
-
Mozambique's renewed efforts to solve its spiralling "secret debt" crisis have again collapsed, leaving the country struggling to recover its reputation. The IMF says government ... Read more »
-
As they end a 10-day mission to Mozambique, the International Monetary Fund officials have expressed dissatisfaction with the continuing uncertainty about debts built up by ... Read more »
-
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 »
-
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 »
-
The government guarantees have been described as unconstitutional, and the controversial loans should have been standard loans to the three implicated private companies. Read more »
