Due to falling foreign aid and loans, government borrowed an additional $900 mn from local banks and bondholders, reported Bank of Mozambique (BdM) in its quarterly economic report (2 Dec). Government domestic borrowing is $4.3 bn, up 25% since December 2021, according to BdM. Domestic borrowing has doubled in three years – in December 2019 it was $2.2 bn.
As a share of GDP, domestic…
Discussion about this post