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Home Africa

Reuters: IMF to visit Mozambique to discuss debt audit concerns

FurtherAfrica by FurtherAfrica
June 24, 2017
in Africa, Aid, Banking, Donors, Economy, Finance, Government, Mozambique
Reading Time: 1 min read
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Mozambique to get $350 mln in tax from Eni-Exxon deal
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The International Monetary Fund will visit Mozambique from July 10-19 to discuss issues around the management of public finances following the release of an audit into $2 billion in hidden loans by risk-management firm Kroll, the IMF said on Saturday.

“The publication of these documents constitutes an important step towards greater transparency regarding the loans,” the IMF said in a statement.

“However, information gaps remain, in particular on the use of the loan proceeds. An IMF staff mission will visit Mozambique … to discuss the results of the audit with the authorities and possible follow-up actions.”

Source: Reuters

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Tags: auditEMATUMhidden debtIMFInternational Monetary FundkrollMAMMozambiqueProIndicussovereign debtTuna Bondモザンビーク莫桑比克
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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