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Putting the financial system to work for the poor and SMEs

Author

Listed:
  • Abdul Magid Osman
  • Djamila Pontes Osman

Abstract

The financial inclusion effort achieved positive results, with the number of Mozambicans having access to banking services increasing considerably, particularly after 2011-12. However, the economic and social impact was limited, considering that farm productivity has remained low and poverty levels are still high. The neoliberal doctrine in the economic sphere, its expression in the restrictive monetary policies, and the weakness of the multi-party democracy system have been institutional factors restricting economic and social development.

Suggested Citation

  • Abdul Magid Osman & Djamila Pontes Osman, 2020. "Putting the financial system to work for the poor and SMEs," WIDER Working Paper Series wp-2020-129, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp-2020-129
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2020-129.pdf
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    Keywords

    Credit; Guarantees; Financial inclusion; SMEs; Smallholder farmers;
    All these keywords.

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