Mozambique: Forgives Part of Mozambique’s Public Debt

Maputo — The Chinese government has decided to forgive Mozambique’s interest-free loans falling due until 2024 and donate 100 million yuan (about 14 million US dollars, at the current exchange rate).

According to government data, 14 per cent of Mozambique’s foreign debt in March of this year was held by China, the country’s largest bilateral creditor, with a stock of 1.3 billion US dollars.

According to Mozambican Prime Minister, Benvinda Levi, who made the announcement on Wednesday, in Beijing,…