Private Credit Bureau Legislation
In 2012 the Bank of Mozambique developed a proposal for a law that would enable the creation of private credit bureaus. Such bureaus have proved effective at expanding access to finance in other countries by enabling small businesses and other unbanked populations to build a credit record that can be used by financial institutions to assess risk. Eventually, better information about customers' creditworthiness should drive down the cost of credit for Mozambicans.
The Bank of Mozambique asked CTA to comment on the draft law, and the attached note provides the analysis and response.
In 2015 the law was passed parliament and the presentation below discusses the likely impact of the legislation and next steps.
In 2016 the Bank of Mozambique presented regulations to the law for discussion. The report below analyses those regulations and provides recommendations.