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.
15 Apr 2019
Mozambique: Cyclone Idai exacerbates economic hardship
Event On 15 March, Cyclone Idai struck the central region of Mozambique before hitting Zimbabwe and Malawi. An estimated 90% of Beira, Mozambique’s ...