Mozambique said on Thursday it has hired France-based consulting firm Alvarez & Marsal to provide specialised advisory services for managing the country’s public debt, which has been putting pressure on public spending.
Mozambique’s debt problems date back to a 2016 hidden-debt scandal, which wrecked investor confidence and curbed access to funding. Delays to major gas projects that had been expected to boost exports, revenue and government finances have made matters worse.
Alvarez & Marsal aims to implement Mozambique’s 2025-2029 public debt strategy, assisting with debt…