Mozambique: UN has invested $50 million in rebuilding Cabo Delgado
Mozambican government says it has public debt ‘under control’
4:36 CAT | 19 May 2016
Lusa (File photo) / Minister of Economy and Finance Adriano Maleiane
The Minister of Economy and Finance of Mozambique, Adriano Maleiane, said on Tuesday in Maputo that public debt is under control and within parameters, but admitted to payment difficulties in the short term.
“We are within the parameters according to which we can consider that the debt is under control, there are no major concerns,” Maleiane said, speaking before the Planning and Budget Committee in parliament.
Declaring that Mozambique’s public debt stands at US$11,640 million (approximately EUR10.4 billion), the Minister of Economy and Finance said he assumed there would be difficulties in the short term repaying substantial state-guaranteed loans to Proindicus and MAM, companies engaged in maritime security services and supporting gas megaprojects, incurred in 2013 and 2014.
Source: Diário Digital / Lusa
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