The International Monetary Fund (IMF) may approve a $175 million emergency credit to prevent the collapse of Malawi's economy. This is a quick credit, which provides quick concessional financial assistance to low-income countries facing an urgent balance of payments need, without conditionality. The fund, was established...
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China urges banks to provide more credit to construction companies
China has asked banks to provide more credit to the country's struggling construction companies due to the growing number of homeowners refusing to pay the installment of their properties, worsening the liquidity crisis in the sector. Homeowners in China, whose work has been left unfinished due to the builders' precarious situation, are refusing to pay...
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Credit to the economy is expected to grow this year
The Government considers that the credit to the economy should register a growth this year, influenced fundamentally, by the improvement of the conditions of the economic activity in relation to last year, the tendency for collective immunization at a global and national level, as well as the reopening in the various sectors. Based on data provided by the Bank of Mozambique, the forecasts of the...
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July 7, 2021July 7, 2021Economy
Microcredit institutions readjust credit conditions due to uncertainties
Granting credit to economic agents is increasingly difficult for microfinance institutions, since most potential borrowers are from the informal sector, most affected by the covid-19 pandemic and the current climate of uncertainty in the market