Paid in full Mozambique has fully paid its $701 million (515.04 million Special Drawing Rights) debt to the International Monetary Fund (IMF) ahead of schedule. Mozambique’s outstanding debt stood at 515.04 SDRs at the start of March but fell to zero by the end, according to “Total IMF Credit Outstanding Movement”. This was confirmed by Mozambique’s Finance Ministry press release on 2 March, which argued that full settlement of the debt was necessary to ensure the country’s fiscal discipline and to strengthen its international credibility. Comment Mozambique’s decision to repay nearly $700 million in IMF concessional loans ahead of schedule is being framed as a big win for macroeconomic discipline. But when you look past the official language, a more...
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Former Mozambican Finance Minister Manuel Chang has finally been extradited to the United States after a protracted extradition battle played out in South African courts.
On Wednesday, South Africa’s Justice and Correctional Services surrendered Chang to US Marshals Service, who promptly flew him to the US, where he is to be tried on charges of fraud.
Click on the picture to see the timeline from his arrest on 29 December 2018 to his extradition on 12 July 2023.
Mozambique’s newest opposition party, ANAMOLA, has accused the Technical Commission for the Materialisation of the Political Commitment for an Inclusive...
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Mozambique’s Criminal Investigation Service (SERNIC) has raided various informal markets and drug hot spots aimed at recovering stolen car...
Read morePODEMOS (Optimistic Party for the Development of Mozambique), the main opposition party in Mozambique, has been plunged into an...
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Venâncio Mondlane's camp, the former Mozambican opposition independent presidential candidate, announced on Tuesday that it is splitting with PODEMOS (Optimistic...
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Mozambican President Daniel Chapo on Tuesday swore in six more ministers to join the cabinet already in office. Pending is...
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