African debt hoax

But debt relief is calculated in secret. Executive directors of the IMF and World Bank who approved the package on 7 April were not told what the actual debt relief would be, and had to accept claims from officials that Mozambique would receive a good deal. In fact, Mozambique gained almost nothing; debt service postHIPC will be little less than it was before. More than $2bn in debt HAS been written off. But it was debt that Mozambique would never have paid.