Although rapid economic growth in Mozambique (7% to 8% over the past 2 decades) has been largely driven by a series of mega projects, its impact has been low. The benefits of this growth have been mainly confined to resource boom enclaves and urban areas, only benefiting a small minority of Mozambicans, leaving most of the rural population unaffected. It is generally recognised that one of the principal barriers to economic growth and reasons for persistent poverty is the exclusion of the vast majority of the population to appropriate financial service provision.

Anabela Mabota