+++ (BBG) Mozambique Central Bank Says State Can’t Pay ‘Undisclosed’ Debts

(Bloomberg) — “The biggest problem we have are these new loans, new debts, undisclosed, that came last year and we are not capable of paying,” Mozambique central bank Governor Rogerio Zandamela says Sunday at a conference in Lisbon.

* There will be restructuring, Zandamela says
* Without restructuring Mozambique would have to ask
traditional donors to help
* “Not a single traditional donor is going to put in a
penny so that we can pay those types of debts,”
Zandamela says
* “Bilateral debt” sustainable, country meeting obligations
* Zandamela declines to comment on interest rates, says
banking system “sound”