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Mozambique Audit Reveals Corruption and Short Falls in Financial System
international |
politics / elections |
news report
Wednesday July 05, 2017 22:22 by Abby Wilhelm - Jubilee USA Network
Trump and G20 Leaders Review New Guidelines to Prevent Debt Crisis on Friday Ahead of President Trump's first G20 meeting in Germany this weekend, Mozambique released an audit exposing violations of the country's laws to secure now-defaulted loans. Ahead of President Trump's first G20 meeting in Germany this weekend, Mozambique released an audit exposing violations of the country's laws to secure now-defaulted loans. Nearly $2 billion in loans were secured by the government of Mozambique but hidden from the public and Parliament. Last week, Business Insider reviewed CIA data and ranked Mozambique as one of the most indebted countries in the world. The United Nations Development Programme lists Mozambique as one of the least developed countries in the world at 181 out of 188 countries. |