IMF says has good relations with Mozambique

The International Monetary Fund and Mozambique have a "very good" relationship, the Fund's resident representative in the southern African nation said on Thursday, years after cutting off support to the southern African state.

Mozambique's economy was hurt by a debt crisis after admitting in 2016 to $1.4 billion of previously undisclosed lending. The disclosure prompted the IMF and foreign donors to cut off support to the southern African state, triggering a currency collapse and a default on sovereign debt.

Seventeen migrants perish crossing from Africa to Spain: Spanish coast guard

6 November, Tuesday