To facilitate access to finance for producers , traders linked to the agrarian sector and other actors in the value chain, the Mozambique Stock Exchange (BVM) and the Mozambique Merchandise Exchange (BMM), signed yesterday, November 30, a Memorandum of Understanding.
The partnership aims to ensure that BVM does the registration, financial settlement and clearing of the Deposit Certificate issued by BMM, which will provide a direct financing mechanism for economic actors linked to agriculture. the national agricultural sector. Goods deposit will be confirmed with a certificate of possession issued by BMM or by other public and private entities licensed by it.
Speaking during the ceremony, the PCM of BVM, Salim Valá, made it known that the operationalization of the agreement represents an important milestone for foreseeing the incorporation of the certificate of tenure as a mechanism for agrarian financing. “It will benefit the rural economy as a whole, in a context in which around 66% of the country's population lives in rural areas” It was with satisfaction that he recognized the use of the BVM Securities Center is fundamental to promote transparency and good governance in the Mozambican capital market.
For its part, BMM's PCA, Victória Paulo, also considered the agreement to be crucial to boost the Mozambican economy, and referred that with this agreement, the Institution that runs it makes available to the market another product line, with the focus focused on financing and facilitating the development of the rural and agrarian economy, which represents over 60% of the population of Mozambique.
It should be noted that the act was witnessed by the Honorable Permanent Secretary of the Ministry of Industry and Commerce, Jorge Jairoce, who was pleased to see two State Institutions reaching an agreement of this nature. According to the director, "this is a measure that will positively impact the lives of producers and the economy in general, so we would like to draw attention to the potential beneficiaries of this financing window so that they are organized, so that they can take advantage of this instrument ”.
Members of the Board of Directors and members of the BMM and BVM, directors and officers of the MIC and other guests of the different State Institutions participated in the signing ceremony since this memo.Photo Events