Creditors say government not bound by loan guarantees

摘要

Holders of Mozambique's sovereign dollar bonds said on Thursday the government had no reason to honour guarantees on loans given to state-owned firms, which they said should be liquidated to clean up government finances. Debt-ridden Mozambique released on June 24 a forensic audit report into US$2bn worth of loans made to tuna fishing company Ematum, security firm Proindicus and Mozambique Asset Management (MAM).