The International Monetary Fund has suspended funding to Mozambique after it discovered the government had hidden $1bn (£700m) of debt, the Financial Times is reporting.
It quotes an IMF official as saying “it is probably one of the largest cases of the provision of inaccurate data by a government the IMF has seen in an African country in recent times”.
The FT adds that it could affect other donors’ willingness to provide money which could heap pressure on Maputo, which is dependent on donors to finance about a quarter of its budget”.
