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Portugal cancels debt

    JOHANNESBURG

    Portugal on Thursday cancelled nearly a tenth of Mozambique’s bilateral debt as part of an emergency plan to help the flood-ravaged Southern African country, media reports said.

    According to the reports, the aid package included writing off US $145 million of its former colony’s debt and donating US $5 million that was earmarked for renting helicopters for rescue operations.

    Portugal has already announced a US $2 million donation following Mozambique’s appeal last week for international help, and on Wednesday sent 40 mt of aid, including food, medicines, rubber rafts and tents.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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