(Reuters) - Mozambique hopes to use property to pay off about $350 million in foreign debt to Angola and a handful of eastern European nations, freeing up cash for economic development, its finance minister said on Thursday.
In an interview with Reuters, Finance Minister Manuel Chang said Angola had agreed to the idea in principle and that officials from the two former Portuguese colonies were negotiating the details of the property-for-debt swap.
Read more at Reuters Africa
In an interview with Reuters, Finance Minister Manuel Chang said Angola had agreed to the idea in principle and that officials from the two former Portuguese colonies were negotiating the details of the property-for-debt swap.
Read more at Reuters Africa
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