Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal

Joseph Hanlon

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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$2.2 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.

Keywords: Mozambique; Ematum; secret loan; donor; IMF; corruption; neoliberal; tuna (search for similar items in EconPapers)
JEL-codes: E6 N0 (search for similar items in EconPapers)
Date: 2017-03-04
New Economics Papers: this item is included in nep-cis, nep-his and nep-mac
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Citations: View citations in EconPapers (1)

Published in Third World Quarterly, 4, March, 2017, pp. 1-18. ISSN: 0143-6597

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:68130

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