The Open UniversitySkip to content

Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal

Hanlon, Joseph (2017). Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal. Third World Quarterly, 38(3) pp. 753–770.

DOI (Digital Object Identifier) Link:
Google Scholar: Look up in Google Scholar


Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a secret US$2 billion arms and fishing boat deal involving Swiss and Russian banks and Mozambican purchases from France, Germany, and Israel, with large profits on all sides, was a step too far down the donor’s capitalist road. The International Monetary Fund cut off its programme and western donors ended budget support.

Item Type: Journal Item
Copyright Holders: 2016 Southseries Inc.
ISSN: 1360-2241
Extra Information: Author's final submitted version available on the Author's Home Page
Keywords: Mozambique; Ematum; secret loan; donor; IMF, corruption; neoliberalism; tuna
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Politics, Philosophy, Economics, Development, Geography
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Item ID: 47670
Depositing User: Joseph Hanlon
Date Deposited: 24 Oct 2016 08:10
Last Modified: 28 Feb 2017 17:45
Share this page:


Altmetrics from Altmetric

Citations from Dimensions

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU