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Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal

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  • Joseph Hanlon

Abstract

Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a secret US$2.2 billion arms and fishing boat deal involving Swiss and Russian banks and Mozambican purchases from France, Germany, and Israel, with large profits on all sides, was a step too far down the donor’s capitalist road. The International Monetary Fund cut off its programme and western donors ended budget support.

Suggested Citation

  • Joseph Hanlon, 2017. "Following the donor-designed path to Mozambique’s US$2.2 billion secret debt deal," Third World Quarterly, Taylor & Francis Journals, vol. 38(3), pages 753-770, March.
    • Handle: RePEc:taf:ctwqxx:v:38:y:2017:i:3:p:753-770
    DOI: 10.1080/01436597.2016.1241140
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    Cited by:

    1. Murtah Shannon & Kei Otsuki & Annelies Zoomers & Mayke Kaag, 2018. "Sustainable Urbanization on Occupied Land? The Politics of Infrastructure Development and Resettlement in Beira City, Mozambique," Sustainability, MDPI, vol. 10(9), pages 1-18, September.
    2. Gabriella Y. Carolini, 2021. "Aid’s urban footprint and its implications for local inequality and governance," Environment and Planning A, , vol. 53(2), pages 389-409, March.
    3. Jones, Sam & Tvedten, Inge, 2019. "What does it mean to be poor? Investigating the qualitative-quantitative divide in Mozambique," World Development, Elsevier, vol. 117(C), pages 153-166.

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