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IMF welcomes Mozambique's debt relief deal
"On Friday the country's finance ministry said it had reached a restructuring deal in principle with holders of its defaulted 2023 bonds and that the new arrangement would not offer creditors instruments linked to future gas revenues"

Mozambique's top court says state-guaranteed Eurobond illegal
"$1.4 billion of undisclosed borrowing that prompted the International Monetary Fund and foreign donors to cut financial support, triggering a currency crisis and a sovereign debt default"

International partners pledge $1.2 billion to help cyclone-hit Mozambique recover, 'build back better'
"UNDP said the Mozambique Government is establishing a Disaster Management Fund that includes a contribution to its capitalization of 0.1 per cent of the State budget, as well as contributions from partners. Regular external audits will be conducted to ensure transparency and accountability."

archived 2017
debt-for-development swap
& "tuna bond" creditors

Diversity is the key to economic and political evolution.

by Cat on Wed Jun 5th, 2019 at 12:45:42 AM EST
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