Mozambique Considers Aligning with Peers for Chinese Debt Relief
Mozambique's Financial Crossroads: A Bold Move Towards Debt Restructuring
In a significant move that may reshape its financial landscape, Mozambique is contemplating a strategic approach to restructure $1.4 billion in debt with none other than China, its largest bilateral creditor. President Daniel Chapo revealed this during recent discussions about the nation’s pressing fiscal challenges.
The situation is dire. Mozambique has faced back-to-back economic contractions that have left it grappling with fiscal…