Mozambique expects to be removed from FATF 'grey list' in March
Mozambique: President meets commercial banks to evaluate economic recovery measures
3:58 CAT | 21 Feb 2025
File photo: RM
The President of the Republic, Daniel Chapo, met representatives of the Association of Commercial Banks in his office this Thursday to evaluate economic recovery measures aimed at mitigating the impacts of the recent violent demonstrations.
Among the actions announced, two measures with immediate impact stand out, which aim to alleviate the financial pressure on Small and Medium-sized Enterprises, ensuring the maintenance of jobs and stimulating economic growth.
The first measure proposed by commercial banks concerns the restructuring of the debt of small and medium-sized enterprises directly or indirectly affected by the crisis.
The plan provides for the rescheduling of financial obligations, allowing the renegotiation of payment terms.
The initiative aims to reduce pressure on companies by ensuring their sustainability and
preserving jobs, which represents a positive economic and social impact for the country.
Source: RM
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.