(3 Minutes Read)
Board Chairman Salim Valá said that the inclusion of sustainable finance products in the securities portfolio would strengthen the improvement of Mozambique’s position in international Capital Markets indices, such as the ABSA Financial Markets Index (AFMI).
The Mozambique Stock Exchange (BVM) expects to see the first issue of ‘green bonds. It is aimed at financing investment in a sustainable economy. It will be floated on the market as soon as the legislation for this purpose is approved, later this year.
Board Chairman Salim Valá said that the inclusion of sustainable finance products in the securities portfolio would strengthen the improvement of Mozambique’s position in international Capital Markets indices, such as the ABSA Financial Markets Index (AFMI).
According to Valá, since 2022, BVM has been preparing proposals for a foundation document and a draft regulatory instrument for the launch of sustainable financing instruments, including green bonds to finance investments in the green economy] and blue bonds for the maritime economy], but also other types of special purpose bonds, such as social impact bonds,” he said.
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Valá stressed that BVM is already an investment alternative for ordinary people and that many investors participate in the stock market in the country “although not yet at the level we’d like.
