Intelligent news from Mozambique

Mozambique government says sorry, but unrepentant central bank turns fire on donors

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More than $1 billion in hidden state borrowing, which has plunged Mozambique into an unprecedented economic crisis, did not merit a mention in the Bank of Mozambique’s latest evaluation of the country’s economy published on 13 May – despite the central bank governor’s claim he hadn’t heard of the debts until they were uncovered by journalists earlier this year.

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