Mozambique: start of the verdict in the vast “hidden debt” scandal
Phantom fishing vessels, exorbitant foreign loans and people close to the government: the verdict in the gigantic corruption scandal known as the “hidden debt” in […]
International monetary Fund
France gives five million euros in budgetary support to Guinea-Bissau
France on Tuesday provided Guinea-Bissau with five million euros in budgetary support to “strengthen the macroeconomic base” of Guinea-Bissau, said the French ambassador in Bissau, […]
Mozambique’s public debt to fall below 100% of GDP by 2023
The consultancy Fitch Solutions believes that Mozambique’s public debt should fall below 100% in 2023, due to the acceleration of the economy, higher gas revenues […]
IMF reaches agreement with Guinea-Bissau for Extended Credit Facility program
The International Monetary Fund (IMF) announced today that it has reached agreement with the authorities of Guinea-Bissau to negotiate a 36-month program under the Extended […]
IMF admits optimistic picture for signing financial program with Guinea-Bissau in 2023
The International Monetary Fund on Tuesday admitted an “optimistic framework” for signing a financial program with Guinea-Bissau in January 2023, the Guinean Finance Ministry said […]
Mozambican government requests international funding for the country’s private sector
Mozambique’s Economy and Finance Minister, Max Tonela, on Monday in Washington called for support from the African Export and Import Bank (Afrixembank) for the country’s […]
International Monetary Fund in Bissau to analyze public remuneration scheme
A mission from the International Monetary Fund (IMF) arrived in Guinea Bissau to analyze, along with the authorities, the salary bill of the Public Administration […]
Mozambique: World Bank resumes direct support to the State Budget
World Bank to disburse $300 million in direct support to Mozambique’s State Budget, six years after international partners suspended the model due to hidden debts. […]
Suez Canal announces record profit of $7 billion
The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]
IMF in Lusaka to bail out debt
The IMF’s financial support to Zambia to bail out a massive debt that has put the country into default is expected to be concluded in […]