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: https://doi.org/10.1080/01436597.2016.1241140

URL: http://bit.ly/3WQ-hanlon

Abstract

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.

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About

• Item ORO ID
• 47670
• Item Type
• Journal Item
• 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 or School
• Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development
  Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
  Faculty of Arts and Social Sciences (FASS)
• Research Group
• Innovation, Knowledge & Development research centre (IKD)
• Copyright Holders
• © 2016 Southseries Inc.
• Depositing User
• Joseph Hanlon