Mozambique May Make Loan Payment in ‘Days,’ Ministry Says

  • African nation is working ‘very diligently’ with VTB Bank
  • State-owned company faced May 23 deadline to pay $178 million

Mozambique and VTB Bank PJSC of Russia are close to agreeing on a restructuring of a loan to a state-owned company in the southeast African nation and the $178 million interest payment that was due on May 23, a finance ministry spokesman said.

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