The Ministry of Economy and Finance (MEF) informed Mozambicans and the general public, in its communiqué dated 6 November 2018, the manner in which payments on EMATUM debt securities (interest and capital) will be made.
In this document, the Government reinforces its will to seek alternatives within the State Budget with support from natural gas tax revenues.
CIP vehemently opposes the use of future gas resources to pay off illegal debts because such use would represent a double loss for the country in the following terms: (i) it burdens an entire generation under an unsustainable debt burden of USD 2.2 billion ( approximately 16% of GDP) that served hidden interests, and (ii) “mortgage” gas resources to pay these debts whose benefits will never be enjoyed by Mozambicans.
