81243417-Financial System Development

Mozambican small and medium-sized enterprises — MSMEs neither create enough employment possibilities nor can they produce enough products and services to satisfy the daily needs of the population. The core problem is that MSMEs do not have a favourable legal, administrative and institutional framework which would allow to contribute to inclusive and poverty-reducing growth. Causes for this insufficiency are a weak institutional framework, deficient availability, low skilled public officials, a heavy bureaucratic apparatus and corruption. The lack of well skilled employees and entrepreneurial competencies and capacities are low. The high number of illiterate clients, employees or suppliers form a challenge for the companies plus access to financial services. The objective of the overall project is Improvement of framework conditions for a competitive private and financial sector.