Mozambique - Institutional Support Project to Banco Poprrlar de Desenvolvimento (BPD)


Project Summary

Approval Date 30 Oct 1991
Signature Date 29 Jan 1992
Planned Completion Date 31 Dec 2000
Last Disbursement Planned Date 31 Dec 2000
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 2,148,936.03
Status Completion

Project General Description

The proposed project aims to assist the Government of Mozambique through the provision of institutional support to Banco Popular de Desenvolvimento (BPD) for its structural and functional rehabilitation. The main reasons necessitating the institutional support are the facts that BPD is confronted with various typical constraints, which have to be specifically addressed. Indeed, BPD plays an important role in the development and the financial system of the country. It accounts for about 42% of total savings mobilized and almost 20% of the total credit to the economy in 1989. BPD's position is most outstanding as the second most important credit institution with respect to sectoral allocation of credits particularly to agriculture and industry. The Government attaches great importance to the role of BPD within the economy being the only development finance institution in the country. There is the need for the structural- and functional rehabilitation of BPD to enable it play its role more meaningfully and effectively. The project consists of the procurement of goods and services to strengthen BPD's institutional capacity. It includes computers, vehicles, training, office equipment and technical assistance and a portfolio audit. The total cost is estimated at FUA 4.190 million.

Project Objectives

The aim of the project is to strengthen the overall operation of Banco Popular de Desenvolvimento (BPD) and more specifically of the Special Operations Department. This objective will be attained by computerizing BPD operations and by providing technical assistance, training for three years and office equipment to BPD.

Beneficiaries

The project will have a higher profitability of Banco Popular de Desenvolvimento (BPD) and other local enterprises financed and promoted by it. The Government of Mozambique will benefit from favourable policy environment.

Participating Organization

Funding
African Development Fund
Extending
Government Of Mozambique
Implementing
Banco de Mocambique

Information

IATI identifier 46002-P-MZ-HA0-001
Last Update 09 Dec 2022

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Contact Details

Name ADENIJI Taiwo Olasupo

Geographic Location

Country Mozambique
Coordinates Location Name
-25.9655 32.5832 Maputo