Browsing: debt

Economy Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News
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The Mozambique government raised more than MZN 900 million (roughly $15.5m) at a Treasury bond auction on Tuesday, exceeding its MZN 700m target after it cancelled the last auction in June due to a lack of demand. NOTE: The Mozambique stock exchange, the BVM, having initially said that [...]

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Economy Finance minister Adriano Maleiane presenting the 2018 budget to parliament, 11 December 2017.
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The holders of Mozambique’s international commercial debt, on which the country continues to default, have until August to agree a restructure of the debt if they want Mozambique to make any payments to them in 2019.

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Politics Finance Minister Adriano Maleiane speaking at the Council of Ministers on 5 December 2017.
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Mozambique’s government yesterday passed a decree aimed at clarifying “when and why” the state can borrow money, at home or abroad - including guaranteeing debts - and how to hold responsible those who break the law. Finance minister
Politics The Permanent Commission in session today. Photo: www.parlamento.mz/
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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. [...]

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Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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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.

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