Mozambique says confusion led to IMF "hidden debt" accusation

Mozambique has no hidden loans and accusations by the International Monetary Fund (IMF) that it had borrowed $1 billion more than previously disclosed were the result of of confusion, the country's finance minister has said. The IMF cancelled a planned trip to Mozambique this week after announcing on Friday that it believed the southern African country had concealed borrowing for its defence sector from Credit Suisse and Russia VTB Bank. The IMF, which last year agreed to loan Mozambique $286 mi