Only two banks have disclosed any information through the flagship lending transparency scheme of the Institute of International Finance (IIF) and Organisation for Economic Co-operation and Development (OECD). Banks first…
Mid-January 2022, Storm Ana raged through southwest Africa, leaving a trail of devastation and loss of life in Malawi, Madagascar and Mozambique. With extreme weather events likely to occur more…
US authorities and the UK Financial Conduct Authority have collectively imposed a fine of $475 million on Credit Suisse for its role in the hidden debt scandal in Mozambique. Credit…
Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled Private creditors received the…
Earlier this week, the trial of 19 individuals involved in Mozambique’s hidden debt scandal began in the capital city, Maputo. Those on trial, including the former Presidents’ son Armando Guebuza and former head of security…
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence…
Campaigners say people of Mozambique should not have to pay one cent in debt arising from secret loans Reacting to reports that Russian State bank VTB has filed a case…
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…