will assume responsibility for debt incurred by previous administrations, but
there needs to be a shared responsibility by those providing the loans, the
President Filipe Nyusi
president Filipe Nyusi said on Tuesday.
spoke through a translator at an international think-tank at Chatham House in
London, was referring to multilateral and foreign donours, who cut off the
country following irregularities in undisclosed loans to the country in 2016.
indebted Mozambique got cut off from multilateral and foreign donours such as
the International Monetary Fund (IMF) after the government admitted to 1.4
billion dollars of previously undisclosed loans in 2016.
however, presented a restructuring plan to its commercial creditors in March.
Nyusi said his
country had begun dialogue with the creditors and “we are looking at what
should be done, naturally this is a complex process.
“It is a
complex process because it is not only Mozambique that should be seen as a
culprit, this loan was from a certain place. Due diligence should have been
done, so this is a responsibility that should be shared,” he said