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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