Mozambique approves changes to minimize complaints about the TSU
IMF says additional $1 bln in Mozambique debt uncovered
6:09 CAT | 15 Apr 2016
Mozambique’s government has borrowed $1 billion more than it previously disclosed, the International Monetary Fund said on Friday, adding that the discovery diminished its view of the African nation’s fiscal outlook.
Antoinette Sayeh, the IMF’s Africa director, told a news conference that the additional funds appeared to have been borrowed from Credit Suisse and Russia’s VTB Bank, but few other details about the money were available.
Source: Reuters
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