Systematic risks in the financial sector may reduce with the improvement that the Bank of Mozambique (BM) intends to implement in its macro prudential policy (related to the financial stability of banks), which will, however, require incessant monitoring of international dynamics.

"We also have the realization that by introducing a framework for combining monetary and macro prudential policy we will be able to answer many questions, such as the conflituality between the two," argued Neman Jemusse of the WB's Macroprudential Analysis Department.

The assurance during the completion, yesterday, in Maputo, of the XIII Scientific Journeys promoted by the institution.

In his presentation, which focused on the "WB Experience on the Implementation of Macroprudential Policy," Neman Jemusse assured that there is currently clarity that monetary policy follows price stability.

However, on financial stability, he said that challenges remain in understanding its interaction with monetary policy.

Jemusse also said that to ensure the achievement of the intended goals the Central Bank has relied on the support of the International Monetary Fund.

The XIII WB Scientific Conferences were held two years after their interruption due to the covid-19 pandemic. This year, two research papers were presented, which obtained the best score in the evaluation of the jury formed for this purpose.