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Mozambique
24 May 2019

Debt woe continues for Mozambique

The government of Mozambique is battling to bring its debt under control. Government debt as a proportion of GDP reached 110.5% at the end of 2018, up from a low of 37.5% in 2011 thanks to long-running debt relief. However, Maputo is engaging with the IMF and has pledged to put its house in order .
07 February 2019

Mozambique unlikely to repay US$2 billion to Credit Suisse and VTB Bank

The government of Mozambique, heavily in debt, is increasingly unlikely to repay a debt of US$2 billion to Credit Suisse contracted by a former Finance Minister who is being detained in South Africa.
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