Mozambique Says Will Miss $60 Million Interest Payment

 Mozambique says will miss $60 million interest payment

MAPUTO, , (Pakistan Point News - APP - 16th Jan, 2017 ) - Mozambique said Monday it would miss a $60 million interest payment on a 2023 bond, as its economic crisis deepens over hidden debt, the fall in commodity prices and a cut-off in aid. "The deteriorating macroeconomic and fiscal situation of the Republic has severely affected the country's public finances," the finance ministry said in a statement declaring that Mozambique would not pay the $60 million interest payment due on January 18.