The Carlos Agostinho da Rosario government is looking to cancel its guarantees on $ £1.5 billion of loans for state-run security company Proindicus and has brought a case against Reuters and other parties to Proindicus 's High Court. The company's debts contributed to a debt crisis in the country, Prime Minister Mozambique said on 13 March . The prime minister was answering questions on the debts tabled by an opposition party, in particular whether Mozambique would continue restructuring the debts and whether it would pay them, the news agency said. Credit Suisse has not yet been served a legal complaint, a spokesperson said.
The Carlos Agostinho da Rosario government is looking to cancel its guarantees on $ £1.5 billion of loans for state-run security company Proindicus and has brought a case against Reuters and other parties to Proindicus 's High Court. The company's debts contributed to a debt crisis in the country, Prime Minister Mozambique said on 13 March . Credit Suisse has not yet been served a legal complaint, a spokesperson said.