Audit of Mozambique’s public debt will be conducted by the Attorney General’s Office

20 September 2016

The President of Mozambique confirmed in Houston that an independent audit of the country’s debt taken on between 2013 and 2014 for public companies would be carried out, according to Mozambican news agency AIM.

Filipe Nyusi, at a meeting with Mozambicans living in Houston, Texas, gave assurances that there was no standoff between his government and the International Monetary Fund (IMF) regarding the debt incurred in those years, but stressed that the audit would be carried out by the Attorney General of the Republic of Mozambique.

President Nyusi also told his countrymen that the difficult phase that Mozambique is going through is due not only to the issue of debt but also to an unfavourable global environment and natural phenomena such as drought, along with the devaluation of the metical against benchmark currencies such as the dollar.

Another factor affecting Mozambique is that the country does not produce enough to meet its needs, which is why Nyusi insists that it should focus on production, increased productivity and competitiveness to reduce imports and increase exports. (macauhub/MZ)