Mozambique: rocky road from grand corruption to a debt settlement offers hope, but the scars of mismanagement run deep.
Mozambique’s rocky road from grand corruption to a debt settlement offers hope, but the scars of mismanagement run deep.have tipped the country into fiscal catastrophe. At the same time, an insurgency in the north has killed 4,000 people, displaced 946,000 and caused a humanitarian disaster. Recognising the links between these two crises is fundamental to restoring stability in the country.
But the fallout has been massive, surpassing $11-billion in costs from direct expenditures and payments made, as well as losses from economic slowdown. A 2021Rarely considered though is the scandal’s effect on the violent insurgency led by Ansar al-Sunna and the Islamic State of Mozambique Provinceof the insurgency stem from socio-economic marginalisation, corruption and weak governance, which contribute to perceptions that the central government neglects its northern communities.
Africa faces a pressing dual challenge as mounting debt crises have dire implications for countries’ economies and human security. Continent-wide, various conflicts, ranging from terrorism to armed clashes and political instability, are exacerbated by economic vulnerabilities. Notable cases are Somalia, Cameroon, Egypt, Kenya and Chad .
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