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Mozambique: UN calls for ‘generous’ approach to country’s debt
10:37 CAT | 27 Mar 2019
Photo: Lusa
The secretary general of the United Nations, António Guterres, told Lusa on Tuesday he expects the international community to be “generous” with Mozambique’s sovereign debt following the devastation caused by Cyclone Idai.
“Naturally, we are in full solidarity with Mozambique and want to help the country recover its economy after the impact of Cyclone Idai”, he told Lusa after a press conference at the UN headquarters in New York.
Guterres added that “the international community should also be generous regarding the management of the country’s sovereign debt”.
“At the moment, the UN is calling for emergency aid” and the international community “is aware of Mozambique’s complex financial situation, namely the complex debt issue”.
Guterres underlined that the emergency aid funds to Mozambique, Zimbabwe and Malawi are still insufficient to address all the needs.
Therefore, the UN secretary general asked for a quick response from the international community to the “flash appeal” issued on Monday by the UN for $282 million (some €250 million) emergency aid to Mozambique for a three-month period.
Source: Lusa
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