The Government of the Republic of Mozambique and the Bank of Mozambique (BM, the central bank) are requiring all Mozambique banks to start publishing IFRS financial statements in 2007. The IFRS requirement will be extended to large non-banking corporations starting in 2009. The BM itself began reporting under IFRSs in 2006.

Although not expressly addressed in the letter of intent and notice, the Government has informally indicated that it expects to extend the IFRS requirement to insurance companies in 2008 and to medium-sized companies in 2010.