Monday, March 4, 2024

Republic of Mozambique
Ministry of Economy and Finance

Republic of Mozambique
Ministry of Economy and Finance

09

CREATION A MUTUAL GUARANTEE FUND

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CREATION A MUTUAL GUARANTEE FUND

This measure seeks to address one of the main obstacles to the development of small and medium-sized Mozambican companies: access and high cost of financing.

To respond to this challenge, for the first time, a Mutual Guarantee Fund will be created in the country, initially valued at US$250 million.

This fund will allow national banks to provide financial resources to strengthen investment capacity at accessible interest rates for micro, small and medium-sized companies operating in the agriculture, fish farming, commercialization and agricultural processing, tourism and housing sectors.

CREATION A MUTUAL GUARANTEE FUND

This measure seeks to address one of the main obstacles to the development of small and medium-sized Mozambican companies: access and high cost of financing.

To respond to this challenge, for the first time, a Mutual Guarantee Fund will be created in the country, initially valued at US$250 million.

This fund will allow national banks to provide financial resources to strengthen investment capacity at accessible interest rates for micro, small and medium-sized companies operating in the agriculture, fish farming, commercialization and agricultural processing, tourism and housing sectors.