Browsing: Christine Lagarde

Hidden Debts dossier Graça Machel. Image from www.fdc.org.mz
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Graça Machel, a major political figure in Mozambique and widow of Mozambique’s first president Samora Machel, and of Nelson Mandela, has written to Credit Suisse urging it absolve Mozambique of the responsibility to repay the $2 billion in debt that it helped arrange for companies owned by [...]

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Politics & Economy IMF Managing Director Christine Lagarde Photo © IMF
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IMF Managing Director Christine Lagarde yesterday welcomed Mozambique president Filipe Nyusi's willingness to implement an independent, international audit of the $2 billion in government-guaranteed loans taken out by Mozambican fishing and security firms ProIndicus, EMATUM, and MAM. [...]

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Politics & Economy Filipe Nyusi and John Kerry address reporters after meeting at the U.S. Department of State
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Mozambique president Filipe Nyusi landed in Washington DC today at the start of a four-day visit to the United States during which he will try to smooth relations with the IMF and the World Bank which deteriorated in April following the discovery of $1.4bn undisclosed debts. Nyusi will also [...]

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