The proposed State Budget for next year provides an unprecedented amount for the internal public debt service: 19.7 billion meticais to service the state’s domestic debt of more than 100 billion meticais. This amount, which is intended to pay interest to holders of Mozambican treasury bonds—mostly commercial banks—is almost double the total allocation to the … Continue reading Mozambique’s internal public debt service will cost 19.7 billion, six times more than allocation for social protection programmes – A Verdade