Aníbal Mbalango replaces Eliza Zacarias as head of the Tax Authority of Mozambique
Following the donor-designed path to Mozambique’s $2.2 billion secret debt deal – Hanlon
11:48 CAT | 20 Sep 2017
Secret debt paper presented at IESE conference 20 September 2017 in Maputo / Following the donor-designed path to Mozambique’s $2.2 billion secret debt deal : HERE
Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a secret $2.2 billion arms and fishing boat deal involving Swiss and Russian banks and Mozambican purchases from France, Germany, and Israel, with large profits on all sides, was a step too far down the donor’s capitalist road. The IMF cut off its programme and western donors ended budget support.
By Joseph Hanlon
Source: The Open University
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