Mozambique`s debt crisis: Who will pay the bill?
(WorldNews Africa)

“Public hospitals have no medicines and there are no gloves in the maternity wards. The situation is getting more and more serious,â€� said Eufrigínia dos Reis from the Mozambique Debt Group (Grupo Moçambicano da Dívida), a civil society organization fighting for debt reform. The country’s economic woes were brought on by secret loans that were backed by Mozambique’s financial minister without parliamentary approval - as is required by the constitution. The Mozambique Debt Group, as well as other civil society organizations, wants these loans to be declared illegal. This could help the Southern African nation find a way out of its debt crisis. The $2-billion loans from...