Argues that employment remains depressed in the majority of Eurozone countries and that a further 4.5 million jobs may be lost. Suggests that addressing the jobs crisis in the Eurozone requires, first, repairing the financial system urgently.

The paper urges that Mozambique would need to develop a more competitive and inclusive financial system, address the failure of the market to make credit available for SMEs and farmers, and establish credit guarantee schemes to channel credit to priority sectors and disadvantaged groups.

Based on a survey of 275 clients of a microfinance institution (MFI) in Lusaka. Analyses the economic stresses to which low-income entrepreneurs are vulnerable, examines their coping strategies and assesses the potential demand for microinsurance and other risk-managing financial services such...