Mozambique Ex-Finance Minister to Fight U.S. Extradition
- Chang’s arrest linked to $2 billion debt deal, lawyer says
- Chang, who’s in South Africa, to apply for bail on Jan. 8
Manuel Chang
Photographer: Handout/Getty Images
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Mozambique’s ex-Finance Minister Manuel Chang will oppose extradition to the U.S. after he was arrested on charges related to a debt deal that led to a default in 2017, according to his lawyer.
The nation, among the world’s poorest, borrowed about $2 billion from 2013 to 2014 to buy tuna-fishing boats and a coastline protection system, but only disclosed the bulk of the debt to the International Monetary Fund in 2016, prompting the lender to halt funding. Chang, who was arrested Dec. 29 in South Africa, presided over the deal at the time.