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Mozambique owes Russia money.  Russia sells the debt to an NGO (in this case the UN's WFP) at a significant discount.  WFP sells the debt at an additional discount to Mozambique and uses the funds raised to pay for developments in Mozambique.  Russia unloads some bad paper, WFP gets to do what it was set up for, and Mozambique gets to get its books in a little better order and gains some infrastructure to boot.
by rifek on Sat Nov 11th, 2017 at 08:37:34 PM EST
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