Intelligent news from Mozambique

IMF calls on Mozambique to liquidate maritime security companies

  • Article IV report says ‘decisive action’ is needed to trace where the $2bn went
  • ‘Highly non-concessional’ bilateral debt from unnamed countries has also hit debt sustainability

The International Monetary Fund (IMF) has called on Mozambique to liquidate the three maritime security companies that were set up in secret by the government in 2013-2014 with $2 billion in borrowing that have put the economy in crisis.

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