Mozambique Bonds Fall After Signal on Public-Debt Restructuring
- State lost about $658 million in revenue due to protests
- Economy seen growing last year at slowest pace since 2020
Mozambique police officers look on as protesters argue with them in Maputo on Jan. 15.
Photographer: Amilton Neves/AFP/Getty ImagesThis article is for subscribers only.
Mozambique is considering restructuring its public debt after the government lost about 42 billion meticais ($664 million) of revenue in post-election unrest, the country’s new finance minister said. Its dollar bonds fell.
Carla Louveira, who was appointed by President Daniel Chapo as finance chief on Jan. 17, declined to say whether the government is looking to revamp both domestic and dollar debt. “This is work that is ongoing,” she said by phone on Sunday.