WHERE IS THE 200 MILLION DOLLARS OF DEBT RELIEF?
- Credit bank Suisse was fined US$475 million for its involvement in granting US$1.3 billion in illegal loans;
- Part of this fine included the relief of 200 million dollars of Mozambique’s debt by the Credit Suisse, as part of the penalties imposed by UK Financial Conduct Authority (FCA);
- Despite the bank having agreed to the forgiveness, the Mozambican government remains silent and the reports do not report any change in the amounts owed to Credit Suisse;