Processo de obtenção e gestão de créditos de médio e longo prazo pelas empresas - caso TDM

Abstract

Summary The work that follows, in its first part, presents a theoretical approach to financial markets and the different types of medium and long-term financial products, with a particular focus on the sources of financing in developing countries, constituted by Foreign Aid and Banks. Development. The theoretical approach also describes the concept of the Project Cycle and its stages, an important concept for understanding the entire process of obtaining credit and its management by companies. The impact of recourse to external financing on the capital structure, instruments for credit assessment, inflation and its effects on debt, and debt repayment methods are dealt with here. In the second part, after a brief introduction by the company Telecomunicações de Moçambique, EP (TDM), the different paths for seeking external financing are described. Here, the information obtained from the institutions involved, namely Banco de Moçambique, Ministry of Planning, Finance and Ministry of Transport and Communications, as well as that collected from various managers within the company, allowed to show the various paths followed to access financing. The third part provides a description and critical analysis of how TDM manages funds ■ taking into account the concept of the project cycle. The last part assesses TDM's financing for the period between 1993 and 1998 using accounting information and credit assessment instruments.