12 °c
London
Monday, May 16, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique benefits from the debt service suspension initiative

Club of Mozambique by Club of Mozambique
October 2, 2020
in Africa, Debt, Economy, Finance, Governance, Mozambique
Reading Time: 2 mins read
926 9
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

In application of the term sheet of the Debt service suspension Initiative (DSSI) also endorsed by the G20, the Paris Club recognised that the Republic of Mozambique is eligible to benefit from the initiative. Therefore, the representatives of the Paris Club Creditor Countries have accepted to provide to the Republic of Mozambique a time-bound suspension of debt service due from 1st May to 31st December 2020.

The Government of the Republic of Mozambique is committed to devote the resources freed by this initiative to increase spending in order to mitigate the health, economic and social impact of the COVID19-crisis. The Government of the Republic of Mozambique is also committed to seek from all its other bilateral official creditors a debt service treatment that is in line with the agreed term sheet.

This initiative will also contribute to help the Republic of Mozambique to improve debt transparency and debt management.

Paris Club creditors will continue to closely coordinate with other stakeholders in the implementation phase of this initiative, in particular when considering a possible extension of the suspension period.

Also read: Agreement on Chinese debt relief for Angola in prospect

Background notes

1. The Paris Club was formed in 1956. It is an informal group of official creditors whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by borrower countries.

2. The members of the Paris Club which participate in the reorganization of the Republic of Mozambique’s debt are the governments of Belgium, Brazil, France, Japan, the Republic of Korea, the Russian Federation and Spain.

Observers to the agreement are representatives of the governments of Australia, Austria, Canada, Finland, Denmark, Germany, Ireland, Israel, Italy, the Netherlands, Norway, Sweden, Switzerland, the United Kingdom and the United States of America.

Source: Paris Club / Press Release via Club of Mozambique

Related

Tags: Club de Parisdebtdebt reliefdebt serviceDebt Service Suspension InitiativeFeatureG20MozambiqueMozambique benefits from the debt service suspension initiativeParis Clubмозамбикموزمبيقモザンビーク莫桑比克
ScanSendShare374Tweet234Share65Pin84Send
Club of Mozambique

Club of Mozambique

'Club of Mozambique is an online gateway to Mozambique, offering up-to-date information and news relating to business, politics and other economic activities in Mozambique.

Related Posts

Agriculture

Swiss company sets up US$27M medicinal cannabis farm in Zimbabwe

by Farmers Review Africa
May 16, 2022
Tech

6 African startups at WEF’s top 100 global tech pioneers

by The Exchange
May 16, 2022
Trade

Ghana to increase coffee production by 300% to ramp up exports

by FurtherAfrica
May 16, 2022
Mining

MRG applies for rare earth and uranium exploration in Mozambique

by Club of Mozambique
May 16, 2022
BP production in Angola is in decline since 2017
Energy

SOMOIL’s defies predictions and contributes to Angola’s oil growth

by Energy Capital & Power
May 16, 2022
Great Limpopo Transfrontier Park
 
AFSIC 2022
 
MozParks

Translate this page

Read the Latest

Agriculture

Swiss company sets up US$27M medicinal cannabis farm in Zimbabwe

by Farmers Review Africa
May 16, 2022
0

Zimbabwe’s President Emmerson Mnangagwa has commissioned a US$27 million Swiss Bioceuticals Limited Medicinal Cannabis Farm and Processing Plant in Mount...

Read more

6 African startups at WEF’s top 100 global tech pioneers

May 16, 2022

Ghana to increase coffee production by 300% to ramp up exports

May 16, 2022

MRG applies for rare earth and uranium exploration in Mozambique

May 16, 2022
BP production in Angola is in decline since 2017

SOMOIL’s defies predictions and contributes to Angola’s oil growth

May 16, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?