Mozambique defaults, misses coupon payment

17 January 2017

 

Mozambique is an African country which is not in Australian news all that often, if at all. It is described as “one of the poorest and most underdeveloped countries in the world” in Wikipedia, the result of nearly 20 years of civil war after it gained independence from Portugal. This week its woes got a little worse, although its citizen are possibly past caring. Mozambique’s finance ministry announced it would...

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