The Indicator from Planet Money

The Indicator from Planet Money


The Tuna Bonds Scandal and the fishy business of hidden debt

December 10, 2024

Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret. This was a high-profile example of hidden debt, but it's far from the only exampl