The head of Russian bank VTB which – along with Swiss bank Credit Suisse – arranged $2 billion in lending to Mozambique which is now in default, has said he is planning to meet the president of Mozambique “soon” to try and persuade the country to negotiate with its creditors. “I’m planning to see the…...

Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017