On Saturday 13th March 2020, the Government of Mozambique raised the state of alert and reinforced measures to prevent the Covid-19 outbreak.
At the time when these measures were announced, the country had no registered cases and still no
infections have been officially announced.
The President of the Republic, H.E. Mr. Filipe Nyusi announced the implementation of a mandatory 14-day quarantine for all citizens coming from countries with active transmission risks, regardless of their nationality.
The Head of State also announced the suspension of all the Governmental travels outside the country.
The Mozambican Government is also suspending the organization and participation in all events involving the presence of more than 300 people and discourages them from taking place in closed spaces without adequate ventilation.
On the other hand, the Board of Directors of the Bank of Mozambique decided to reduce the coefficients of the mandatory reserves in national and foreign currency by 150 base points, with effect from 7 April 2020.
The decision aims to free up liquidity for the banking system to face, with greater resilience, the growing risks arising from the macroeconomic impacts of Covid-19.
The Mozambican Central Bank believes that inflation prospects for the medium term remain favourable. However, the worsening risk of the Covid-19 pandemic requires the financial system to be sufficiently prepared, with the necessary liquidity.
In view of the absence of confirmed cases of Covid-19 infections in Mozambique, these measures are preventive. Stronger measures may be taken if the current situation changes.
