MOZAMBIQUE: NEW DEBT DEAL INCHES FORWARD

MOZAMBIQUE: NEW DEBT DEAL INCHES FORWARD

   Tue, 04 June 2019

The latest loan restructuring proposal no longer gives bondholders access to natural gas revenues but does provide Mozambique with cash flow relief and moves the country closer to a rapprochement with the IMF and towards a potential new credit facility to support its economic recovery. However, the fall-out over judicial extraditions and alleged bribe-taking still threatens to entangle senior Mozambican politicians ahead of elections later this year.



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