Browsing: Ministry of Finance

Economy
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Mozambique has reached a restructure agreement for its $726.5m sovereign bond with a group of creditors, offering to repay all of the principal, most of the interest, and give a gas-linked bonus of up to $500 million. Agreement has already been [...]

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Economy
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Mozambican banks are increasingly unwilling to lend money to the state to help cover its budget deficit, which could lead to a renewed public spending crisis in the runup to elections and threatens the Bank of Mozambique’s efforts to combat inflation and [...]

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Economy
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Finance Minister Adriano Maleiane has rejected a proposal from a group of investors in Mozambique’s sovereign bond that the government should refuse to honour the guarantees issued for the MAM and ProIndicus loans and pay the coupons on the bond, [...]

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