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

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2004 Issue 052

Publication date: March 2004

ISBN: 9781451827170

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Topics covered in this book

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Banks and Banking , Finance , Investments and Securities-General , Labor , Money and Monetary Policy , ISCR , CR , bank , market , lending , loan , rate , exchange rate , monetary management , Mozambican bank , capital position , lending environment , Commercial banks , Loans , Treasury bills and bonds , Capital markets , Sub-Saharan Africa

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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.