Breaking: Mozambique can’t make $178 million payment on secret loan – Bloomberg

Cash-strapped Mozambique won’t be able to honour a $178 million debt-interest repayment that’s due next week for a previously undisclosed loan extended to a state-run company, Finance Minister Adriano Afonso Maleiane said. The nation holds total public debt of $11.64 billion, of which $9.85 billion is owed to foreign investors, he told lawmakers Wednesday in … Continue reading Breaking: Mozambique can’t make $178 million payment on secret loan – Bloomberg