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

Joseph Hanlon

Third World Quarterly, 2017, vol. 38, issue 3, 753-770

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.

Date: 2017
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DOI: 10.1080/01436597.2016.1241140

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