Mozambique: Health Ministry distributed medicine budgeted at 147.1 million dollars - AIM report
Moody’s says aid suspension, hidden debt a credit negative for Mozambique
3:54 CAT | 04 May 2016
In File Club of Mozambique / Maputo skyline
Ratings agency Moody’s said on Wednesday the suspension of financial assistance to Mozambique and discovery of hidden debt hit its assessments of the government’s financial strength and was also a credit negative for the country.
The IMF has said that Maputo has admitted to having more than $1 billion of undisclosed debt. The World Bank is delaying approval of further development loans pending a debt sustainability analysis to be conducted with the IMF.
Source: Reuters
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