Relief For Nyusi's Govt As Japan Grants Mozambique Debt Relief

The Japanese government has suspended the servicing of Mozambique's debt to Japan, amounting to 92 million meticais (about 1.3 million U.S. dollars). The suspension of the debt service covers the period from May to December 2020, and is intended to alleviate the financial burden caused to Mozambique by the Covid-19 pandemic. Other countries that have suspended Mozambique's debt service payments include China and Belgium. With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief to promote rapid, sustainable and inclusive economic and social development.


(File photo).

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