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Could the International Monetary fund back off Mozambique?

Satisfying the IMF remains key to resolving part of the secret debt crisis. When President Filipe Nyusi goes to the United States from 15 to 20 September and meets the gas companies, he hopes to ensure more than US$1-billion in capital gains to fill the budget hole. 852 more words

Mozambique

Mozambique aims to reconcile with new-look IMF team – but key hurdle remains

President Filipe Nyusi will visit Christine Lagarde in Washington, DC next month ahead of a new International Monetary Fund (IMF) mission that is expected to arrive in Maputo later in September. 1,300 more words

Mozambique Latest News

Personal Income Increases 0.4% In July (Down To 3.26% YoY From 6.25% For Oct '14)

Economists were thrilled with today’s reading of +0.4% growth in Personal Income for July. Personal spending rose +0.3%.

The year-over-year change tells a different, more sobering story. 32 more words

Banking

Where Your Asset Sales Money Went Kiwis

Where did the asset sales money go? The slush fund pretty much according to Winston Peters … not where Bill English said it would go: 547 more words

News

Pakistan`s debt trap

In recent years, Pakistan has been known as a country which is extremely dependent on foreign aid and funding to maintain its economy, the internal infrastructure for this reason is almost non-existent as the ruling class and establishment have come to recognize that Pakistan is too important in the region to be allowed to go bankrupt. 1,287 more words

Pakistan

After Greece and Cyprus, they prepare to attack Italy

by Simon Wilson, MoneyWeek

Italian banks are on the brink of collapse and EU rules make bail-outs seem politically impossible. Will they fall – and who will they take down with them? 848 more words

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