Minister is working with advisers to get Mozambique “off the list of countries that don’t honour their obligations, without disobeying national legislation and the decisions of our institutions"
The Bank of Mozambique's interest rate cut this week brings its policy rate towards the 'natural rate' for the country, as estimated by IMF economists
The elimination of gas-linked payments is another mistake for Mozambique - which should tie as much of its obligations to volatile resource revenues as possible
Mozambique's finance ministry has not explained why it is refusing to honour the ProIndicus guarantee while restructuring the MAM loan
The Mozambican government is working to find a solution to pay civil servants’ salaries for April, which were due last week, after failing to borrow MZN 3 billion from the domestic banking system
Natural disasters have led to a slight increase in the central bank's inflation forecast, but could have a more serious effect on the level of public borrowing
The IMF now assumes the sovereign guarantee to ProIndicus will not be honoured, and says an agreement with VTB regarding the MAM debt has already been reached in principle.
The finance ministers of Mozambique, Zimbabwe, and Malawi will outline their countries’ needs in the…...
Mozambique needs significant debt relief to get its debt to sustainable levels in order for the IMF to start lending to the country again, the IMF mission chief said this week
Mozambique is calling for the London Commercial Court to rule the ProIndicus guarantee illegal - and to get compensation from Credit Suisse and Privinvest for losses it has sustained