On March 20, 2018, the Government of Mozambique sent a mission to London, United Kingdom, to discuss with creditors a possible 50% pardon of interest arrears (and possible penalties) and capital (so far accumulating US$ 636 million in arrears), interest reduction and extension of the maturity time for the repayment of hidden debts.
A document prepared by the Ministry of Economy and Finance, with the assistance of financial and legal advisors Lazard Frères SAS and White & Case LLP, respectively, addressed to external debt creditors1, aimed to present the country's macro-fiscal situation, the analysis of the sustainability of the public debt and potential proposals for restructuring scenarios to convince creditors to ease the external debt service in the coming years.
