Browsing: Lazard

Economy 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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A criminal indictment in the US over Mozambique’s $2.2 billion hidden debt scandal will affect negotiations between the Mozambican government and the holders of the loans that financed the deals, Prime Minister Carlos Agostinho do Rosário said yesterday. The [...]

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Economy IMF resident representative in Mozambique, Ari Aisen (left), and mission chief Michel Lazare.
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Mozambique’s progress towards a new programme with the International Monetary Fund is “proving challenging” as the country’s government continues to enter into new loan deals and is not moving fast enough to renegotiate its existing debt stock, the IMF’s [...]

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Politics An Ocean Eagle surveillance trimaran supplied to Mozambique under the EMATUM or ProIndicus deals. Photo: CMN
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The company conducting an international audit into Mozambique’s three maritime security companies that borrowed $2 billion with sovereign guarantees, has been given another month’s extension to complete its report, originally due at the end of [...]

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