Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal

Hanlon, Joseph (2017) Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal. Third World Quarterly. pp. 1-18. ISSN 0143-6597

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Abstract

Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a secret US$2.2 billion arms and fishing boat deal involving Swiss and Russian banks and Mozambican purchases from France, Germany, and Israel, with large profits on all sides, was a step too far down the donor’s capitalist road. The International Monetary Fund cut off its programme and western donors ended budget support.

Item Type:	Article
Official URL:	http://www.tandfonline.com/toc/ctwq20/current
Additional Information:	© 2016 Southseries Inc.
Divisions:	International Development
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HJ Public Finance J Political Science > JZ International relations
Date Deposited:	25 Oct 2016 14:40
Last Modified:	24 Oct 2024 19:12
URI:	http://eprints.lse.ac.uk/id/eprint/68130

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