Debt audit will improve public management and accountability – Nyusi

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Debt audit will improve public management and accountability – Nyusi

11:41 CAT | 15 May 2017

Noticias

President Nyusi has said that the country’s hidden debt audit will help improve public management and establish accountability.

“We reaffirm the willingness of the government of Mozambique to continue to provide all the necessary support for the conclusion of this process conducted by the Attorney General’s Office,” the president, quoted by the Mozambican Information Agency (AIM), said.

Nyusi was speaking to reporters during a visit to the north of the country. He also expressed appreciation for the support given by Sweden, which funded the investigation process.

In a statement, the Swedish Embassy in Mozambique announced on Saturday that it welcomed the delivery of the report, and said it expected the Attorney General’s Office (PGR) to share a summary “with the Mozambican public as soon as possible, with subsequent publication of the full report”.

The representative of the International Monetary Fund (IMF) in Mozambique, Ari Aisen, also said in a note distributed on Saturday that it expects a summary of the audit to be released by the end of the month and the full report “in due course”.

These reactions came through after the PGR announced that, upon receipt of the report, it would first “verify and analyse” the document “in order to assess its conformity with the terms of reference”.

“Once the analysis has been completed, the PGR will, as soon as possible, share the results with the public while safeguarding the secrecy of justice, since the process in which the audit was requested is still under preparatory instruction,” the PGR said in a statement on Saturday.

The consulting firm Kroll was selected in November 2016 by the PGR to investigate possible infractions of a criminal nature in the process of setting up, financing and operating Proindicus, Ematum (Mozambican Tuna Company) and MAM (Mozambique Asset Management).

At stake is the fate of about US$2.2 billion of debt contracted between 2013 and 2014 by the three state-owned companies with foreign banks with government guarantees that had not been approved in parliament or recorded in public accounts.

Source: Lusa