Mozambique weighs joining African countries eyeing Chinese debt relief
Cash-strapped Mozambique is considering approaching China, its largest bilateral creditor, to restructure $1.4 billion in debt, President Daniel Chapo has revealed. Mozambique considers seeking assistance from China to restructure $1.4 billion in debt amid fiscal challenges. Economic strains result from nationwide unrest and consecutive periods of economic contraction. Rising focus on debt sustainability pressures Mozambique…