Finance Minister Loveira meets Brazil’s Central Bank Chief as Mozambique seeks development finance expertise

On Monday, 16 March, in Brasília, the Finance Minister of Mozambique, Carla Louveira, held a meeting with the President of the Central Bank of Brazil, Gabriel Galípolo. For Louveira, the meeting was an important opportunity to understand Brazil’s experience in coordinating public policies, financial regulation, and development finance. “Brazil’s experience in structuring development financial institutions and coordinating the various actors within the economic system offers relevant references for the process underway in Mozambique,” Carla Louveira said, according to a statement from the Mozambican Ministry of Finance.

READ:Government creates commission to kickstart Development Bank of Mozambique “The discussions also allowed for the exploration of institutional cooperation mechanisms that could support the strengthening of Mozambique’s technical and regulatory capacities, particularly in the context of creating and consolidating financial instruments aimed at economic development,” Minister Louveira added. READ:Mozambique, Brazil finance ministries sign MoU to strengthen cooperation – Photos The Finance Minister’s mission to Brazil is part of a broader agenda of dialogue with Brazilian institutions, aimed at reinforcing strategic partnerships and mobilising technical knowledge in key areas for Mozambique’s development agenda. READ:Finance Minister Loveira in Brazil this week – talks on Development Bank of Mozambique and debt scheduled From 16 to 18 March, Finance Minister Carla Louveira is leading a Mozambican delegation on a working visit to Brazil.