MZ-Financial Sector TA ProjectFinancial Sector Technical Assistance

closed

Closed

The Financial Sector Technical Assistance Project for Mozambique aims to improve the soundness of the Mozambican banking sector and improve public debt management. The project consist of the following components: Component 1) will support activities to strengthen the banking sector by: (i) building institutional capacity of the Central Bank (BoM); (ii) financing an advisor for the Government to assist with its strategy to divest from the banking sector; and (iii) strengthening the training capacity at the bank's training institute (IFB). Component 2) will support: (i) the transition of the banking sector to International Financial Reporting Standards (IFRS) (phase 1); and (ii) the transition of the Mozambican corporate sector to IFRS (phase 2). Component 3) will support efforts to introduce a comprehensive public debt management framework, which includes policies and strategies to provide, inter alia, better coordination of the issuance of debt between the BoM and the MoF. Component 4) will support the development of more liquid money and debt markets, and strengthen the capacity of the BoM to implement monetary policy. Component 5) will provide financial support to a professional Project Implementation Unit (PIU) established to assist in project implementation by financing PIU salaries, office facilities, operating expenses and transportation.

FY17 - Education,FY17 - Financial Sector,FY17 - Public Administration

World Bank Group

Project

Commercial, Government, Education, Residential