April 22, 2016 / 12:41 PM / 3 years ago

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below