Regulatory Alerts1993-08-13
Added · Updated
Notice No. 003/GGBM/93 Approving the Regulation on the Process for Converting Mozambican External Debt into Financial Investments
The Bank of Mozambique approves the Regulation on the Process for Converting Mozambican External Debt into Financial Investments, establishing procedures for eligible creditors to convert registered external debt into local investments. The process requires proponents to submit proposals to the Investment Promotion Center and the Bank of Mozambique, accompanied by a non-refundable USD 1,000 fee, with decisions issued within 45 days. Approved projects must commence execution within 120 days of notification, and investors are obligated to submit annual reports on disbursement applications for control purposes.
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