Jump to navigation

Vol 55 No 3

Published 7th February 2014


Mozambique

Donors up in arms

The countries helping fund the national budget are split on whether or not to suspend funds over corruption and bad governance

Mozambique risks the suspension of up to one third of the US$400 million it is due to receive in budget support funds from major donors this year, according to European official sources. The countries, which finance about 40% of the national budget, want Maputo to come clean on its September $850 mn. Eurobond issue and what it is being spent on (AC Vol 54 No 22, The mystery ship deal). They are also worried that the extensive electoral frauds which Frente de libertaçao de Moçambique activists committed during the recent local elections might be repeated on a grander scale in the October general elections.

End of preview - This article contains approximately 973 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.