On 15 April, the International Monetary Fund confirmed that Mozambique had borrowed USD1 billion more than it had previously disclosed. EXX Africa had warned in December 2015 that Mozambique was at severe risk of financial collapse over the next six months as the government runs out of foreign currency and defaults on its lending commitments.
EXX Africa is a specialist intelligence company that delivers accurate, decision-ready, and commercially relevant forecasts on African political and economic risk to businesses.
Publisher: EXX Africa
Pages: 3
This report analyzes the recent disclosure of several sizable secret loans to Mozambique, and the likely actions that will be taken by international financial institutions with existing loan agreements. It also reviews the risk implications of sovereign default, contract frustration, and violent protests.
EXX Africa is a specialist intelligence company that delivers accurate, decision-ready, and commercially relevant forecasts on African political and economic risk to businesses.
Page Description
1 Overview
2 Risk Implications
