The Minister of Economy and Finance, Max Tonela and the Treasury of Mozambique today held a working meeting with six financial institutions.
The banks Absa, Standard Bank, Nedbank, Moza Banco, BCI and BIM participated in the meeting to discuss the implementation of the Mutual Fund within the scope of the Economic Acceleration Measures Package (PAE) launched last August by the President of the Republic.
On the occasion, the Economy and Finance minister told representatives of the six banks, the Mozambican Association of Banks (AMB) including the Bank of Mozambique that the meeting would aim to discuss critical aspects of financing small and medium-sized companies.
World Bank representatives and the SAP team presented concept notes on the fundamentals of the Mutual Guarantee Fund’s implementation and operation model, part of measure 9 of the SAP, to those present. The banks, in turn, contributed with technical suggestions so that the fund has greater adherence and serves a greater number of final beneficiaries.
