Mozambique: President asks CPLP to help mitigate climate change
Mozambique “bound to fail” to make debt installment payments
12:03 CAT | 10 Jan 2017
Lisbon – The Economic Studies Office of BPI Bank says that Mozambique is “bound to fail” to make the US$727 million 2016 public debt repayment due in January.
“It is unlikely that IMF financial aid will arrive in time for the January payment installment, even if the findings of the audit of the three companies ordered by the State are known. As a result, the Government is bound to miss the payment,” the BPI analyst following Mozambican economic affairs told Lusa.
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