Mozambique’s informal sector is protesting its exclusion from a government credit line for post-electoral recovery, claiming discrimination, as all sectors have faced protest impacts. Representing approximately 45% of GDP, the informal sector argues for inclusion to support their economic contributions amid high loan interest rates.
The informal sector in Mozambique has expressed strong discontent regarding its exclusion from the recently announced 10 billion meticais credit line intended for recovery following post-electoral protests. Traders within this sector have voiced their concerns about perceived discrimination, asserting that all segments of society have experienced the adverse effects of the protests, and therefore, the informal sector should also be supported.
In conclusion, the exclusion of the informal sector from the government-backed credit line has raised significant concerns among its members, who argue that their contribution to the economy is substantial. Without access to this funding, informal traders fear further marginalization and challenges in their business environments due to high-interest rates on loans.
Original Source: clubofmozambique.com
