Mozambique absorbs 25% of India's investment in Africa
Second L to R::Mark Lundell, Country Director of the World Bank for Mozambique, Rogério Zandamela, Central Bank Governor. [Picture: O País]
The World Bank says that the current requirements for opening a bank account exclude 50 percent of Mozambicans, and its director is advocating further reforms in the country’s financial system.
A World Bank and the Alliance for Financial Inclusion (AFL) mission is in Maputo for a mid-term evaluation of the National Financial Inclusion Strategy, whose goal is getting 60% of adult Mozambicans to have access to a bank account by 2022.
The World Bank director in Mozambique says achieving this will require changes.
Mark Lundell indicated progress in the accounts scanning project, whose first beneficiaries have already been identified.
Bank of Mozambique governor Rogério Zandamela has indicated that he is aware of the challenges in implementing the National Strategy for Financial Inclusion, while highlighting the results already achieved.
The joint World Bank-Alliance for Financial Inclusion evaluation mission will be in Mozambique for three days.
By Edson AranteSource: O País
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