Manuel chang mozambique flag

  • Manuel chang mozambique flag

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    Manuel Chang

    Mozambican finance minister from 2005 to 2015

    Manuel Chang (Chinese: 曼努埃尔·郑;[1] born 22 August 1955 in Gaza Province) is a Mozambican economist and former politician of the FRELIMO party.

    Manuel chang mozambique flag

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    • From 2005 to 2015 he served as the Minister of Economy and Finance in the cabinet of President Armando Guebuza. He replaced Luísa Diogo as Finance Minister in February 2005.[2] His work as Finance Minister was intertwined in a debt scandal.

    In January 2015 when President Filipe Nyusi assumed office he replaced Chang as Finance Minister with Adriano Maleiane.[3]

    Debt scandal

    Main article: Tuna bonds

    Three state-owned Mozambique companies were created to exploit the county's marine resources; Proindicus was to perform coastal surveillance, Ematun was to engage in tuna fishing and MAM was to build and maintain shipyards.[4] Debt problems began in 2013, when the Abu Dhabi-based shipbuilding and offshore construction company, Privinvest