Briefing from ROAPE Volume 25 Number 77
African Debt Hoax

African Debt Hoax
Vol.25 No.77 (September 1998), pp487-492
In April 1998 the World Bank proudly announced that Mozambique had received unprecedented debt relief and that this would ‘free budgetary resources and allow Mozambique to broaden the scope of its development effort’ . This was under the World Bank and International Monetary Fund Heavily Indebted Poor Country (HIPC) initiative.