Browsing: Carlos Agostinho do Rosario

Politics
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Mozambique peace talks to restart amid climate of hostility

Mozambique's government and main opposition party Renamo will today restart peace talks after a three-week break which has seen fighting intensify in various parts of the country, and confrontational rhetoric from both sides. Over the last few days, government forces claimed a major victory [...]

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Economy
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Mozambique government to assume ‘public interest’ portions of hidden loans

Mozambique’s government has promised to work out what portion of the $1.16 billion debt it guaranteed for ProIndicus and Mozambique Asset Management was “in the public interest” – taking that part onto the state balance sheet, while hoping the companies [...]

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Economy
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Mozambique debt repayments will top $1.5bn before EMATUM bullet hits

Mozambique will make at least $1.5 billion in repayments by 2022 on the state-guaranteed loans to EMATUM, ProIndicus, and Mozambique Asset Management (MAM), even before the $731 million bullet repayment on EMATUM comes due the following year. [...]

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Economy
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Mozambique PM appeals for calm as Nyusi says IMF spat “must be resolved”

Mozambique’s Prime Minister, Carlos Agostinho do Rosario, issued an appeal for calm on Thursday amid rumours of planned unrest in Maputo. He said the government is close to making a statement on the results of his mission to Washington, DC where he has [...]

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Economy
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Mozambique PM’s admission is ‘first step’ to fix IMF relations

Mozambique’s Prime Minister Carlos Agostinho do Rosario took “an important first step” in mending relations with the IMF yesterday, according to news agency Lusa, when he admitted to managing director Christine Lagarde that Mozambique had until now hidden more than $1 billion in [...]

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Aid
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EU relieves budget pressure with 5-year aid commitment

The European Union on Thursday signed an agreement to give Mozambique €734 million in aid through 2020, with the twin aims of strengthening democracy and good governance and rural development. While some will be spent on projects run by non-governmental organisations, an unspecified portion [...]

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