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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