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More hidden debts? Not really
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More hidden debts? Not really
Good afternoon. The Mozambican government has run up $1.8bn worth of “hidden debt” since 2005, weekly newspaper Savana reports today, in undeclared borrowing from the Bank of Mozambique. Is Mozambique facing another financial scandal and, perhaps, an economic crash?The auditor’s report on the Bank of Mozambique’s financial results for 2024, published last week, points out that the Mozambican state has not issued debt instruments to the central b…
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