Mozambique: Out-of-Court Settlement Cancels Most of MAM Debt

July 3, 2024 | News Source: AllAfrica News: Economy, Business and Finance
[AIM] Maputo -- The Mozambican Ministry of Economy and Finance and the Attorney-General's Office (PGR) announced on Monday that the government has obtained an out-of-court settlement with the banks which lent 535 million US dollars to the fraudulent company Mozambique Asset Management (MAM) in 2014.

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