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Mozambique’s Debt Crisis Plan Fail to Impress Investors

Mozambique’s finance minister has a plan to deal with a debt crisis that threatens to derail one of Africa’s most promising frontier economies, but investors are far from convinced.  Adriano Maleiane told money managers in Maputo last week an independent audit should bring transparency to billions of dollars of debt, while negotiations with creditors would calm financial markets and bring the International Monetary Fund and Western donors back to the table.  However, in...

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