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

International Monetary Fund

No 2004/052, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 43
Date: 2004-03-05
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