Mozambique’s government was recently revealed to have borrowed $1.4 billion in previously undisclosed loans. In an email interview, Fernanda Massarongo Chivulele, a researcher at the Institute of Social and Economic Studies in Maputo, discussed the loan scandal and the fallout for Mozambique’s politics and economy. WPR: What is the background of Mozambique’s debt crisis, and what are the immediate consequences and implications for the donor-dependent government budget? Fernanda Massarongo Chivulele: Mozambique was taken by surprise by an April report in The Wall Street Journal about the existence of an undisclosed loan to the government in 2013, around the same time [...]
In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and host Peter Dörrie discuss the challenges facing NATO, South Sudan’s unstable peace, and Kim Jong Un cementing his power at North Korea’s party congress. For the Report, Ted Henken, joins us to explain what normalization with the U.S. and reforms mean for Cuba’s economy and political opposition. Listen: Download: MP3Subscribe: iTunes | RSS Relevant articles on WPR: From Russia to Refugee Crisis, NATO Faces Biggest Test Since the Cold War Machar’s Return Only the First Step in Bringing South Sudan Back Together North Korea Party Congress Shows Kim’s Power—and [...]
Editor’s note: This article is part of an ongoing WPR series on the Trans-Pacific Partnership and the potential impact on members’ economies. Mexican Trade Minister Herminio Blanco told a gathering of Mexican and Japanese business leaders earlier this month that “Mexico will become more competitive when the TPP [Trans-Pacific Partnership] takes effect.” In an email interview, Raúl Francisco Montalvo Corzo, the director of the EGADE Business School, Guadalajara, discussed the potential effects of TPP membership on Mexico’s economy. WPR: What are the expected economic benefits and potential downsides for Mexico from the TPP, and who are the expected “winners” and [...]
