Sat, Nov 5, 2016

Mozambique Appoints Risk Firm Kroll to Conduct Debt Audit

Mozambique's attorney general has appointed multinational risk management firm Kroll to probe state firms that hid $2 billion in loans from government and international creditors, state media said on Friday.

On Wednesday the International Monetary Fund (IMF) said it could agree to a new aid program to Mozambique early next year if the government made good on promises to renegotiate loans with creditors and allow an independent debt audit.

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