The International Monetary Fund (IMF) argues that the Bank of Mozambique (BM) should minimize conflicts between financial and price stability for the resilience of the economic system. The information was advanced during the opening of the 13th edition of the central bank's scientific conferences.

The debate of the thirteenth edition, whose aim is to encourage discussion and deepen knowledge about macro-financial risks, and organized by the central bank, focused on financial and price stability.

"The existence of financial stability in the form of financial crises to solve liquidity solvency problems, for example, in the banking system or the non-bank entrepreneur system has negative implications for the ability of central banks and monetary policy to ensure price and macroeconomic stability," said Luis Brandão, deputy head of the Monetary and Macroprudential Policy Division at the International Monetary Fund.

For his part, the governor of the Bank of Mozambique, Rogério Zandamela, explained that the monetary and macroprudential policies are part of the macroeconomic management policies of central banks, and since "our financial system is not immune to macrofinancial risks, the Bank of Mozambique includes macroprudential policy in its macroeconomic management tools," he said.

The Scientific Conferences of the Bank of Mozambique resume after two years of paralysis due to Covid-19.