Mozambique PM puts foreign borrowing at US$9.89 bln: state media

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Mozambique PM puts foreign borrowing at US$9.89 bln: state media

10:39 CAT | 28 Apr 2016

Mozambique has $9.89 billion in foreign debt, a slight increase from previous estimates of $9.64 billion, state media quoted Prime Minister Carlos Agostinho do Rosario as saying on Thursday.

Rosario also admitted the government should have come clean to the public, International Monetary Fund and World Bank about two loans totalling $1.157 billion to state firms Proindicus and Mozambique Asset Management, the AIM agency said.

Source: Reuters