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Adriano Maleiane: “Out-of-Court Settlement with Credit Suisse Was the Best Solution”

Adriano Maleiane: “Out-of-Court Settlement with Credit Suisse Was the Best Solution”

Prime Minister Adriano Maleiane says that negotiating was the best solution to put an end to the government’s obligations to Credit Suisse. Maleane was reacting to the revelation that Mozambique paid 143 million dollars to the Swiss bank and Mozambican banks as part of the hidden debts.

It was at the end of last year that the Mozambican government reached an out-of-court agreement with Credit Suisse’s creditors for the payment of 143 million dollars relating to a loan of just over 600 million dollars for the purchase of boats for ProÍndicus. Adriano Maleiane says there was no other way but to negotiate.

Maleiane denies that the government is violating the Constitutional Council’s decision to cancel the hidden debt loans. He says that the cancellation of Mozambique’s obligations is not automatic.

The Prime Minister also said that he was not aware of any plans by South Africa to stop buying energy from Cahora Bassa, because it considers it to be expensive.

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The Prime Minister was speaking yesterday on the sidelines of the celebration of National Heroes Day.

O País

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