A multi-sectoral working group, comprising the Mozambican Association of Banks (AMB), Ministry of Industry and Trade (MIC), Bank of Mozambique (BM), Ministry of Economy and Finance (MEF), the Confederation of Economic Associations (CTA), led by the Ministry of Agriculture and Rural Development (MADER) launched yesterday, in Maputo, the platform for Inter-sectoral Coordination of Financing Mechanisms for the Agricultural Sector in Mozambique (CIFAM).
The CIFAM platform is supported by the German Development Cooperation (GIZ).
This is a platform that aims to promote public-private dialogue through the establishment and operationalization of technical and thematic working groups to unlock financing for the national agricultural sector. For its operationalization, thematic working groups were established, namely the group discussing collateral guarantees, tax benefits and agricultural financing, digitalization of the agricultural ecosystem, and the formalization and business development services group.
These working groups discuss defined topics that aim to create and develop implementation strategies and policy positions in various areas related to agricultural finance, in order to serve as a guide for the government, the private sector, and international organizations to implement reforms needed to facilitate financing for the domestic agricultural sector.
The involvement of different sectors in this project is expected to promote innovative approaches and practices in the field of agricultural finance, encourage gender-sensitive approaches on the same topic, and strengthen the intervening capacity of partners and stakeholders at the national level in the public and private sectors.