Mozambique Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations
The review provides a detailed assessment of the institutional policy and regulatory framework in two segments of the financial sector: banking and non-bank credit institutions. The mission took place in response to a specific request for technical...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/686831483672622793/Key-findings-and-recommendations http://hdl.handle.net/10986/25887 |
| Summary: | The review provides a detailed
assessment of the institutional policy and regulatory
framework in two segments of the financial sector: banking
and non-bank credit institutions. The mission took place in
response to a specific request for technical assistance in
the field of financial consumer protection made by the
central bank, the Banco de Moçambique (BdM), in November
2011. As agreed with the BdM, the assessment has focused on
bank and non-bank entities within Mozambique’s financial
sector that provide financial products and services to
consumers, including microfinance, with a particular focus
on credit reporting and on financial awareness. Volume one
summarizes the key findings and recommendations of the
review and volume two presents a detailed assessment of each
financial segment compared to the good practices. Volume two
also includes annexes that analyze and provide more detailed
recommendations on credit reporting and financial education,
and a description of the overall legal and institutional
frameworks for financial consumer protection in Mozambique.
The key findings and recommendations presented in this
report cover six areas: institutional arrangements, legal
and regulatory framework, disclosure, business practices,
dispute resolution mechanisms, and financial education. |
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