Browsing: G14

Economy Ana Comoana. Photo © Alexandre Nhampossa / Zitamar News
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The Mozambican government is banking on external aid of over $300 million to help cover its $1.26 billion budget deficit next year, saying “everything points to a good outcome” in talks with traditional donor countries, and potential new partners. [...]

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Aid The Bank of Mozambique seen behind a dilapidated building in Maputo's downtown. © Nuno Rosario via Flickr
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More than $1 billion in hidden state borrowing, which has plunged Mozambique into an unprecedented economic crisis, did not merit a mention in the Bank of Mozambique’s latest evaluation of the country’s economy published on 13 May – despite the central [...]

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Aid Finance Minister Adriano Maleiane addressing journalists in Maputo, 28 April 2016. © Tom Bowker / Zitamar News
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The main western donor countries to Mozambique have told the Maputo government that they are open to the possibility of restarting budget support, if the two sides can agree on a set of reforms and “corrective measures” to restore donor confidence in the [...]

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