Intelligent news from Mozambique

Mozambique debts: preparing for a ‘public interest’ defence?

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The decision by the Mozambique Parliament last week to approve the 2015 accounts – which included the $1,157 million in government guarantees for the loans taken out by maritime security companies ProIndicus and MAM in 2013 and 2014 – appears to be the first step towards the government agreeing to honour the guarantees and justifying their use.

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