Bank of Mozambique prepares strategy for financial inclusion of the population

12 May 2015

The Bank of Mozambique this year plans to conclude the Financial Inclusion Strategy in order to increase access by the Mozambican population to financial services, director Valdemar de Sousa said Monday in Maputo.

“We are not at the forefront of financial inclusion amongst the countries of the Southern African Development Community (SADC), but neither are we at the rear, so we intend to accelerate the extension of people’s access to financial services,” said the spokesman and director of the Bank of Mozambique.

“We have made gains, there have been major advances in increasing levels of financial inclusion, but we are still far away (from where we want to be),” said the spokesman of the Bank of Mozambique, cited by Portuguese news agency Lusa.

To encourage the entry of more sectors of the population in the domestic financial system, the Bank of Mozambique wants to find out about the experiences of other countries at an international symposium to be held on 17 May focused on financial inclusion, said Sousa.

The event is part of the celebrations of the 40th anniversary of the founding of the Bank of Mozambique and the 35th anniversary of the establishment of the national currency, the metical. (macauhub/MZ)