O futuro começa aqui
After the discovery of more than $2 billion of hidden debt in Mozambique, the IMF suspends its aid in April 2016 "pending full transparency and an assessment of the facts," quotes Africa chief Antoinette Sayeh.
Mozambique, possessing significant raw material resources (gas, coal, titanium), attracts large international companies. The discovery of gas reserves in the north of the country in 2010 by ENI and Anadarko has raised hopes for development, which is expected to bring the country $5 billion annually starting in 2025.
However, Mozambique, with from now on the highest public debt on the African continent, rising from 40% of GDP in 2013 to 113% in 2018, is struggling to recover and appears to have reached a point of no return.
In the city of Maputo, the extent of the economic disaster is clearly visible: unfinished buildings and infrastructures, fishing boats that have never been used and languishing in the port, rub shoulders with the disoriented silhouettes of the inhabitants, trapped between the hope of economic renewal and a reality punctuated by uncertainties.
Maputo, Mozambique - 2017
