Monday, May 23, 2016
Mozambique Looks to China for Financial Help
Deutsche Welle published on 19 May 2016 a story titled "Mozambique Looks to China for Financial Help." Following a sharp drop in commodity prices and a government financial scandal, Mozambique faces a financial and economic crisis. After Western countries refused to bail out Mozambique, President Filipe Nyusi has turned to China for fresh loans.
Labels:
Africa,
commodity prices,
corruption,
debt,
IMF,
infrastructure,
loans,
Mozambique