'Hidden debts': Out-of-court settlement costs Mozambique 130 million dollars - AIM report
Mozambique’s central bank lifted its benchmark lending rate by 150 basis points to 14.25 percent on Monday, its monetary policy committee said on the bank’s website.
The bank said it was concerned by the persistence of inflationary and exchange rate pressures arising from the suspension of foreign aid by international donors.
Mozambique in April admitted to the International Monetary Fund that it had large of amounts hidden debt, causing numerous funding organisations including the United States and the World Bank to review loans to the cash-strapped country.
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