Republic of Mozambique : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

Author/Editor:

International Monetary Fund

Publication Date:

May 25, 2005

Electronic Access:

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Summary:

This paper examines Mozambique’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Mozambique’s performance in 2004 relative to the main macroeconomic objectives of the PRGF-supported program was satisfactory. The fiscal performance through September 2004 was adversely affected by a significant revenue shortfall. The program for 2005 envisages slower growth of 7.3 percent and a further decline in inflation to 8.5 percent by year-end. The program includes additional measures to improve liquidity sterilization, including through the introduction of foreign exchange auctions by end-February 2005.

Series:

Country Report No. 05/168

Subject:

English

Publication Date:

May 25, 2005

ISBN/ISSN:

9781451827217/1934-7685

Stock No:

1MOZEA2005001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

78

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