Mozambique nears debt-restructuring deal with Russia’s VTB, IMF says

VTB has said it expects similar deal to Eurobond holders Government has been in restructuring talks since 2016 Mozambique reached an agreement in principle with Russia’s VTB Bank PJSC on the restructuring of a loan that forms part of the nation’s $2 billion hidden-debt scandal, according to the International Monetary Fund. The southeast African nation … Continue reading Mozambique nears debt-restructuring deal with Russia’s VTB, IMF says