Commodity prices plunged and are unlikely to recover any time soon which raises questions about the future viability of Mozambique’s huge natural resource investments. Fourteen years after Mozambique was granted debt relief, a balance of payment crisis and debt distress are in the cards again. Consequently, Credendo Group went off cover for medium-long term political risk by downgrading Mozambique from category 6/7 to 7/7.
09 Apr 2021
Mozambique: Enormous investment expectations are weighed down by escalating violent conflict
Event On 24 March, Islamist militants launched an attack on Palma city in Cabo Delgado, home to huge natural gas developments. Thousands fled the ...