Zitamar Daily Briefing, 6 November
Welcome to Zitamar’s daily Mozambique briefing for 6 November, 2019 Nov 6 Subscriber’s post Zitamar…
Browsing: Jean Boustani
Mozambique completes bond restructure as corruption allegations worsen
The restructure of Mozambique’s sovereign bond concluded today — just days after allegations emerged that Mozambique’s ruling party, Frelimo, received $10 million from Privinvest, the company which received the ‘hidden debts’ proceeds that Mozambique is now struggling to repay.
Tomorrow, [...]
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Hiding debts from IMF made Maleiane vulnerable to creditors, Pearse tells court
Finance minister’s decision to hide debts from the IMF weakened the country’s position vis-a-vis EMATUM bondholders, disgraced banker says
Mozambique finance minister Adriano Maleiane’s failure to disclose the ProIndicus and MAM loans to the IMF in 2015 was seen as a weakness that [...]
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