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
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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.
Series:
Country Report No. 2004/052
Subject:
Bank credit Banking Capital markets Commercial banks Financial institutions Financial markets Foreign exchange Loans Pensions Treasury bills and bonds
English
Publication Date:
March 5, 2004
ISBN/ISSN:
9781451827170/1934-7685
Stock No:
1MOZEA0032004
Pages:
43
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