Mozambique gives creditors debt restructuring options
By Respect Gwenzi, Mar 21, 2018
Mozambique on Tuesday presented creditors with three options for restructuring huge debts it is unable to repay until gas projects begin production forecast in late-2022, a finance ministry presentation showed.
The scenarios given to creditors include extending maturities on the outstanding defaulted debt to between 8 and 16 years and a haircut on interest and penalties owed, the presentation said.
Shortly after restructuring a Eurobond in 2016, Mozambique's government admitted to $1.4 billion of previously undisclosed loans, prompting the International Monetary Fund and foreign donors to cut off support.
- Reuters
Top Stories
Zimbabwe Introduces National Standard Price List: All Payments to Suppliers to Be Made in ZiG
Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion, together with the Procurement Regulatory Authority of Zimbabwe, has announced on the 13th of March 2026 a National Standa
1 day ago
