Mozambique ‘faces climate debt trap’ as Cyclone Kenneth follows Idai
Photo: O País
At a time when one of the issues raised about the country’s ‘hidden debts’ is whether or not the state should pay, taking into account the pending court case and the fact that people are charged with illegal borrowing, Minister of Economy and Finance Adriano Maleiane says that the government has no way of stopping negotiating the manner of payment with creditors.
The issue is a negotiation that is sustainable for the Mozambican state.
Last week, nine people were indicted in the hidden debts scheme, in a lawsuit involving 18 defendants.
The arrests come after the detention on December 29 of Deputy Manuel Chang in neighbouring South Africa, accused of involvement in the same scheme by a US court.
By Edson AranteSource: O País
Natural resources management in Mozambique