The International Monetary Fund said it’s ready to start negotiations with Mozambique about a financing programme next month, more than five years after the lender halted its previous deal in the wake of the country’s $2bn debt scandal.
“Discussions on supporting the government’s programme with an extended credit facility are scheduled to begin soon,” the IMF said in an emailed statement on Tuesday. “Staff stand ready to commence negotiations in late January 2022, in accordance with the authorities’ preferred timeline.” While a 3.4-million-tonne per year floating platform Eni has built will start producing liquefied natural gas for export next year, a $20bn project about four times the size that TotalEnergies is leading has been delayed until at least 2026. An even bigger project ExxonMobil plans nearby has been deferred indefinitely.
They mean to indebt, enslave Mozambican generations to come? They must not make Cyril's mistake please
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IMF and Mozambique to discuss first credit facility since graft scandalThe extended credit facility would be the first potential programme with the country since suspending support in 2016
Source: BDliveSA - 🏆 12. / 63 Read more »
IMF and Mozambique to discuss first credit facility since graft scandalThe extended credit facility would be the first potential programme with the country since suspending support in 2016
Source: BDliveSA - 🏆 12. / 63 Read more »
IMF and Mozambique to discuss first credit facility since graft scandalThe extended credit facility would be the first potential programme with the country since suspending support in 2016
Source: BDliveSA - 🏆 12. / 63 Read more »
IMF and Mozambique to discuss first credit facility since graft scandalThe extended credit facility would be the first potential programme with the country since suspending support in 2016
Source: BDliveSA - 🏆 12. / 63 Read more »