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offsite link Why Did the Entire World Lose Its Nerve? Mon Jan 25, 2021 19:53 | Hector Drummond

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The Saker
A bird's eye view of the vineyard

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offsite link Moveable Feast Cafe 2021/01/23 ? Open Thread Sat Jan 23, 2021 09:00 | Herb Swanson
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Public Inquiry
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Human Rights in Ireland
A Blog About Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

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United Nations Calls for Disaster Aid for Mozambique as Country Wrestles with Illegal Debt

category international | miscellaneous | news report author Thursday July 11, 2019 21:30author by Kate Zeller Report this post to the editors

Washington, DC - On Thursday, UN Secretary General Antonio Guterres called for more relief aid to be sent to disaster-recovering Mozambique. The country is reeling from two devastating cyclones and wrestling with debts that Mozambique's high court calls illegal.

Washington, DC - On Thursday, UN Secretary General Antonio Guterres called for more relief aid to be sent to disaster-recovering Mozambique. The country is reeling from two devastating cyclones and wrestling with debts that Mozambique's high court calls illegal.

“The International community needs to deliver rebuilding aid to Mozambique," noted UN finance expert and head of the religious development group Jubilee USA, Eric LeCompte. "Debts declared illegal by Mozambique's courts should not be repaid, especially as the country is struggling to recover."

The top court of Mozambique declared last month that the $850 million Eurobond to Ematum, the state-run tuna operation, is illegal. In 2016, the International Monetary Fund ceased funding for the East-African country because of billions of dollars in debt that was supposed to equip fishing boats, but instead created Mozambique military attack crafts.

“Mozambique desperately needs debt and disaster relief,” said LeCompte. “Mozambique is a troubling tale of corruption and poor people being exploited because of a lack of public budget transparency and international standards on responsible lending," said LeCompte.

Related Link: https://www.jubileeusa.org/united_nations_calls_for_disaster_aid_for_mozambique
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