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“Bank of Mozambique Must Find Innovative Solutions To Consolidate Macroeconomic Stability”

“Bank of Mozambique Must Find Innovative Solutions To Consolidate Macroeconomic Stability”

The Prime Minister, Adriano Maleiane, demanded that the Bank of Mozambique (BM) finds innovative solutions for the consolidation of the country’s macroeconomic and financial stability. The leader also said that the Central Bank has increased challenges with the recent announcement of the stimulus measures for economic acceleration made by the President of the Republic, Filipe Nyusi.

According to Maleiane, the measures to stimulate the economy also challenge financial and credit institutions to find fundamental conditions to improve the business environment and, consequently, contribute to stimulating national and foreign investment.

Speaking during the swearing in ceremony of the new WB board member, Maria Esperança Majimeja, the Prime Minister challenged the new member to contribute to the improvement of supervision mechanisms, in order to mitigate money laundering actions and financing of terrorism.

Also in his speech, the ruler said the WB should work to accelerate digital transformation and alleviate cyber risks in order to make banking operations more effective, efficient and resilient.

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“The Bank of Mozambique should boost the process of digitisation of the economy, particularly payment systems, with a view to reducing transaction costs and improving their efficiency,” the ruler appealed.

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