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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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Identification Number: 10.1080/01436597.2016.1241140

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
Sets: Departments > International Development
Date Deposited: 25 Oct 2016 14:40
Last Modified: 20 Oct 2020 05:10
URI: http://eprints.lse.ac.uk/id/eprint/68130

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