Mozambique: Government Announces Plan to Pay Its 81.3 Billion Meticais Debt to Suppliers

Maputo — The Mozambican government has announced a plan to pay its debt estimated at 81.3 billion meticais (around 1.27 billion US dollars at the current exchange rate), while introducing measures to prevent the accumulation of new unpaid commitments.

The announcement was made by the Minister of Economy and Finance, Carla Louveira, in the central city of Beira, Sofala province, at the close of the ministry’s Coordinating Council meeting.

According to Louveira, a government assessment had…