Today (8), the Governor of the Banco de Moçambique, Rogério Zandamela, wrapped up the 49^th Advisory Board Meeting of the Banco de Moçambique (CCBM), which ran between November 6 and 8 at the Joaquim Chissano International Conference Center in Maputo city.

Rogério Zandamela addressed words of appreciation to all stakeholders for having contributed to bringing the event to fruition amid domestic hardships, as well as for the valuable inputs, which are to be delivered to specialized entitites, so as to support in the effective implementation of the recommenations of the public session's participants.

During the opening session of the last day of the 49^th CCBM, the Governor mapped the macroeconomic outlook of the country, characterized by the stability of key indicators, highlighting single-digit inflation, as well as the stability in prices and the national banking system, which has comfortable levels of liquidity, capitalization and capital adequacy.

In addition to these indicators, Rogério Zandamela referenced the 4.5% expansion of the gross domestic product in the second quarter of 2024, driven by the performance of the extractive industry, the improvement of the current account deficit by 14%, in the first half of the current year, and the increase in gross international reserves, which stand at comfortable levels, sufficient to cover more than 5 months of imports of goods and services. 

In his speech, Rogério Zandamela also stated that, despite the associated risks and uncertainties, the near and medium-term prospects of the Banco de Moçambique suggest a trend towards positive behavior of the key macroeconomic indicators, particularly because, in the past nine months, the stance of monetary policy has provided for the MIMO policy rate reduction by 375 basis points, currently standing at 13.50%. 

The Governor wrapped up his address by drawing attention to the main reforms implemented this year, highlighting the launch of a new series of Metical banknotes and coins, the interoperability of mobile money networks and banks, and that the Bank joined the Network for Greening the Financial System, which aims to boost the green economy and draw up recommendations on central bank action in the context of climate change.  

Furthermore, Maputo Mayor, Razaque Manhique, underscored that the theme of discussion elected for the 49^th CCBM is of critical importance for the city going forward, for the transport system is vital for the mobility and improvement of the quality of life of citizens.  

However, Manhique stressed bottlenecks for the improvement of the transport sector, namely the construction of more inclusive and comprehensive roads for all layers of society in our city.

For the mayor, the central bank plays a key role in promoting projects to streamline the public transport sector, by creating conditions to make investor financing lines more accessible in the region.

During the presentation concerning the public theme, the Director of the Economic Research Department, Carlos Baptista, pointed out the main bottlenecks to the transport sector in the metropolitan area of Maputo, which include a stronger political commitment to promote the full implementation of priority investment projects in infrastructure, improvement of governance of transport-related matters, incorporation of a metropolitan public transport company, among others.

In attendance at this public session were former Governors, members of the Board of Directors, advisers, managers and staff members of the Bank, representatives of credit institutions and financial companies, managers and executives of the transport system, scholars and other guests.