Mozambique only authorizes hiring 4,142 workers for the civil service in 2025
Breaking News: Mozambique comes clean on $1.35 bln of debt but “very close to unsustainability” – IMF source
2:59 CAT | 22 Apr 2016
IN File Club of Mozambique
Mozambique has given the International Monetary Fund (IMF) an “avalanche of documents” and come clean on as much as $1.35 billion of undeclared sovereign debt but is now “very close to unsustainability”, a Fund source said on Friday,
Much of the debt was issued to Mozambican state firms by Credit Suisse and Russia’s VTB, although the Interior Ministry also had a $130-$200 million loan from an unidentified bilateral lender, the source said.
Source: Reuters
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