Mozambique turns to China for financial aid

461 views · Published 20 May 2016 · 1:11 · Indexed 20 September 2026

Channel: africanews · 2016 · News & Politics

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After western powers, the International Monetary Fund (IMF) and World Bank recently suspended financial aid to Mozambique, the country has now turned to China.

Mozambican President Filipe Jacinto Nyusi is currently on a 5-day  state visit to China in what is being viewed as a move to tie up financing to cover the gap in the country's public finances.

The president, who is accompanied by high ranking government officials, met with Chinese Premier Li Keqiang who pledged cooperation in industrial…
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