Browsing: Kroll

Hidden Debts dossier Prime Minister Carlos Agostinho do Rosário and Deputy Finance Minister Maria Isaltina Lucas at a briefing on 1 March 2017. Photo © Alexandre Nhampossa / Zitamar News
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Mozambican President Filipe Nyusi yesterday dismissed Maria Isaltina Lucas as deputy finance minister, potentially clearing the way for her to face prosecution for her role in the $2.2 billion ‘hidden debts’ scandal. The dismissal is an “appropriate measure” which removes her immunity as a [...]

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Hidden Debts dossier The pavilion at the Frelimo Central School in Matola.
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The Political Commission of Mozambican ruling party Frelimo may be moving to support non-payment of the so-called ‘hidden debts’, saying last Friday that the government’s focus should be on “identifying solutions which safeguard the interests of [...]

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Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
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Mozambique is currently in negotiations with the International Monetary Fund for an unfunded staff-monitored programme (SMP) to start at the beginning of 2019, which could lead to the financial support restarting later that year.

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Economy The head of the IMF's African Department, Abebe Aemro Selassie, at the 2017 Annual Meetings. Photo: IMF
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The head of the International Monetary Fund’s (IMF) Africa department says he has no new information to report on Mozambique’s hidden debts, telling journalists last week that the Fund is still waiting for further clarifications from government. [...]

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Hidden Debts dossier President Filipe Nyusi addressing diplomats at his residence in Maputo, 22 January 2018.
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Filipe Nyusi, the president of Mozambique, told foreign diplomats in Maputo on Monday that his government wants to see those who got the country into the $2 billion in government-guaranteed debt held responsible.

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