Category Archives: Mozambique

Mozambique’s illegitimate hidden debt

The report on the audit on Mozambique’s “hidden” debt (2 billion dollars) made at the request of the Attorney General of Mozambique, began to circulate in late June 2017, several months behind schedule. Only the findings are currently available. They are clear: beyond the limits specified by the US cabinet Kroll: a large part of these loans are illegitimate.

Campaigners demand Credit Suisse ‘comes clean’ as Mozambique defaults

The Mozambique government has said it will not make a $60 million interest payment due on 18 January

On 17 January, campaigners from the Jubilee Debt Campaign handed in a call from 900 people for Credit Suisse to “come clean” about its facilitation of secret loans to Mozambique. The campaign group is supporting calls by Mozambique civil society organisations for the Mozambique people not to have to repay the loans, and for the Mozambique government officials and lenders responsible to be held to account instead.