Although endowed with extensive natural resources and an economy rich with potential, Mozambique remains one of the poorest and least developed countries in the world, ranking 185 out of 187 countries on the 2012 Human Development Index. Efforts to achieve the MDGs by 2015 have been undermined by the triple threat of HIV/AIDS prevalence, food insecurity, and weakened governance capacity to deliver basic services.
How We Are Helping?
UNCDF has been helping Mozambique to meet its development challenges through the establishment of a strong inclusive finance sector. In collaboration with UNDP, UNCDF has implemented the Building Inclusive Financial Sector in Mozambique (BIFSMO) programme. The programme supports the institutions that promote pro-poor and sustainable economic development and strengthens community access to business financial services (in particular women and other marginalized groups).
In Mozambique UNCDF is also implementing its Gender Equitable Development (GELD) programme, which advocates for gender-responsive planning, programming and budgeting at the local level, and helps ensure that development policy and public expenditures are gender-equitable.
Moreover, Mozambique is a pilot country of the Making Access Possible Programme (MAP), a diagnostic and programmatic framework to support expanding access to financial services for individuals and micro and small businesses.