This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Mozambique and the IMF. Additional information can be found on Mozambique and IMF country page, including official IMF reports and Executive Board documents that deal with Mozambique.

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At a Glance

  • Current IMF membership: 190 countries
  • Mozambique Joined the Fund in September 24, 1984; Article XIV.
  • The Government of Mozambique has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3, and 4 of the IMF Articles of Agreement, effective May 20, 2011.
  • Total Quotas: SDR 227.2 million
  • Outstanding Purchases and Loans: SDR 183.18 million (June 30, 2019)
  • Last Article IV Consultation: The 2019 Article IV consultation staff report was discussed by the Executive Board on June 3, 2019. (Country Report No. 19/166)

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Office Activities

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IMF's Work on Mozambique

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Regional Economic Outlook

April 15, 2021

Despite turning out better than expected, growth in 2020 is estimated to be the worst on record, at –1.9 percent, leading to a large increase in poverty. In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world, amid a continued lack of access to vaccines and limited policy space to support the crisis response and recovery. Macroeconomic policies will in many countries entail some difficult choices. Saving lives remains the first priority, which will require access to affordable vaccines, ensuring that the logistical and administrative prerequisites of a vaccination rollout are in place, targeted containment efforts, and added spending to strengthen local health systems. The next priority is to unlock the region’s potential by creating more fiscal space and implementing transformative reforms. These include mobilizing domestic revenue, strengthening social protection, promoting digitalization, and improving transparency and governance. Countries will also have to consolidate their fiscal positions to bring debt back on a sustainable footing. Such measures will help lift longer-term growth and provide opportunities for the region’s new job seekers. The international community has a key role to play by ensuring more equitable and quicker access to vaccines and other medical products; and by providing low-income countries the external funding needed to pursue the policy priorities sketched above and avoid long-term scarring.
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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.