Browsing: VTB Capital

Mozambique’s Constitutional Council has ruled the sovereign guarantees granted to Proindicus and MAM by finance minister Manuel Chang and head of treasury Maria Isaltina Lucas to be null and void, as they violated Mozambique’s constitution

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Mozambique would have converted the $535 million MAM loan into sovereign debt if any Mozambican court had deemed the government guarantee for the MAM loan legal, finance minister Adriano Maleiane reportedly told VTB in 2018

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