China is Mozambique´s Main Creditor - Plataforma Media

China is Mozambique´s Main Creditor

Nearly 40 per cent of Mozambique´s debt is owed to China, according to the most recent data from the Mozambican Ministry of Economy and Finance (MEF).

According to the data on the evolution of Mozambique’s public debt between 2017 and 2018, the country’s debt level increased 11% in the period, to USD 12.1 billion, from 11.3 billion dollars.

While the external debt increased 8%, the internal component grew 30% , as a result of the increase in bilateral and multilateral debt, as well as with the issuance of government bonds and other titles.

Read more in CLbrief.

Este artigo está disponível em: Português

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