Mozambique's Ministry of Finance reinforced its commitment to working with civil society organizations, banking regulators and banks to improve access to financial services while protecting consumers and preserving financial system integrity. Speaking at a workshop on the issue, Permanent Secretary Albertina Fruquia linked this work to the National Financial Inclusion Strategy 2025-2031, which seeks to expand the use of inclusive, affordable, sustainable and secure financial products and services. Civil society representatives identified delays, repeated documentation requests and difficulties maintaining bank accounts as obstacles to implementing social and community projects. They called for proportionate, risk based treatment reflecting each nonprofit organization's profile rather than categorizing the sector broadly as high risk. Several accounts have nevertheless been opened, allowing project funding to reach communities, while the workshop focused on proposals to simplify procedures and improve banking access without weakening financial integrity.
Mozambique's Ministry of Finance advances dialogue on nonprofit banking access and financial inclusion
Mozambique's Ministry of Finance is advancing dialogue with civil society, regulators and banks to improve nonprofit organizations' access to financial services. Civil society called for proportionate, risk based treatment to address account delays, repeated documentation requests and other barriers while maintaining financial system integrity.