The International Monetary Fund (IMF) has called on Mozambique to reform its fuel subsidy system - a move that will be vital in the struggle to put Mozambique’s foreign debt back on a sustainable path. On Tuesday, [...]
The Mozambique parliament’s Permanent Commission decided to create two commissions of inquiry today - one to investigate the country’s public debt, and the other to look into reports of a mass grave supposedly discovered in central Mozambique. [...]
Mozambique’s credit rating is due to be updated tomorrow by ratings agency Standard & Poor’s, while their counterparts at Moody’s are understood to be in Maputo today, 4 February, holding talks with officials at the ministry of finance.
Mozambique currently has a $2 billion wish-list with the Chinese, who have already lent more than $1 billion for the Katembe bridge and Maputo ring road alone China has agreed to let Mozambique off any outstanding [...]