Mozambique: World Bank loans jump to US$1.5 billion in 2023 - Carta
In File Club of Mozambique
The British Economist magazine’s Intelligence Unit (EIU) said today that the international loan of US$622 million to the Mozambican public company Proindicus is not reflected in the country’s public debt accounts, damaging the country’s financial credibility.
“The loan does not appear in official figures from the Ministry of Finance on the amount of public debt,” write the Economist’s analytical experts in an investors’ note that the Lusa has access to.
“According to official figures, the amount of debt actually increased in 2013 by 31 percent over the previous year, but this included loans from multilateral official creditors (US$3.1 billion) and bilateral creditors (US$2 billion), and the obligations of the Mozambican tuna-fishing company (Ematum), worth US$850 million”, the analysts write.
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