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Mozambique comes clean on $1.35 bln of debt - IMF source

JOHANNESBURG, April 22 (Reuters) - Mozambique has given the International Monetary Fund (IMF) an “avalanche of documents” and come clean on as much as $1.35 billion of undeclared sovereign debt but is now “very close to unsustainability”, a Fund source said on Friday,

Much of the debt was issued to Mozambican state firms by Credit Suisse and Russia’s VTB, although the Interior Ministry also had a $130-$200 million loan from an unidentitified bilateral lender, the source said. (Reporting by Ed Cropley; Editing by Joe Brock)

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