The Ministry of Economy and Finance (MEF) informed Mozambicans and the general public, in its communication dated November 6, 2018, of the ways in which payments of EMATUM debt bonds (interest and capital) are to be made.
In the proposal, the Government underscores its desire to seek options within the Government Budget including financing through tax revenues from natural gas.
CIP strongly opposes the use of future gas resources to pay off illegal debts because such use would represent double loss for the country under the following considerations: (i) it puts an entire generation under an unsustainable debt burden of USD 2.2 billion; and (ii) it & quot; mortgages & quot; gas resources to pay off debts whose benefits will never be enjoyed by Mozambicans.
