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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.

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URL: http://bit.ly/3WQ-hanlon
DOI (Digital Object Identifier) Link: https://doi.org/10.1080/01436597.2016.1241140
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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.

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 > Development
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: 02 May 2018 14:23
URI: http://oro.open.ac.uk/id/eprint/47670
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