Mozambique’s debt crisis threatens to sink its once booming economy, as debt levels are expected to hit 130% of GDP by the end of the year.
Zimbabwe bond notes have been hailed by the government as the answer to the country’s cash shortages. But not all Zimbabweans are convinced.
Mozambique is on the verge of sovereign default. The implosion of its public finances will make it harder for other countries to refinance their own debt.