IMF Staff Country Reports

Republic of Mozambique: Financial System Stability Assessment Including Report on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, and Anti-Money Laundering and Combating the Financing of Terrorism

March 5, 2004

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International Monetary Fund. Monetary and Capital Markets Department "Republic of Mozambique: Financial System Stability Assessment Including Report on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, and Anti-Money Laundering and Combating the Financing of Terrorism", IMF Staff Country Reports 2004, 052 (2004), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451827170.002

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Summary

The Mozambican financial system has made remarkable progress from mono-banking to a full blown, market-based, financial system. Although Mozambican banks are generally profitable and well capitalized, they are exposed to significant credit risk. A number of reforms are needed to enhance the independence of the central bank, to ensure it has the financial means to conduct its monetary policy under a very low-inflation environment, and to improve banks' appetite for making new credits in the difficult Mozambiques lending environment.

Subject: Bank credit, Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Foreign exchange, Loans, Pensions, Treasury bills and bonds

Keywords: Bank, Capital markets, Capital position, Commercial banks, CR, Exchange rate, ISCR, Lending, Lending environment, Loan, Loans, Market, Monetary management, Mozambican bank, Rate, Sub-Saharan Africa, Treasury bills and bonds

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