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February 24, 2017

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Mozambique’s debt crisis: Trawling for answers by Nick Branson

In anticipation of an audit of borrowing by three Mozambican companies afforded questionable sovereign guarantees, this paper examines their debts and considers how the government and its creditors might extricate themselves from the current crisis.
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Interactive Timeline of Mozambique’s debt crisis

A cast of international actors facilitated US$2 billion of borrowing by Mozambican corporations afforded dubious sovereign guarantees. Outsiders also played a critical role in uncovering the debts. This timeline highlights some important moments in an extremely fishy tale.