The revelation that Mozambique’s government has failed to disclose the true level of its foreign debts has hit sentiment towards the country, which had been seen as an African outperformer. But while the situation is serious, the risk of a full-blown crisis has been overstated. More importantly, we doubt that the scandal will affect foreign gas firms’ decision on whether or not to commit to investments that will have a much larger impact on the economic outlook beyond the next six to nine months.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services