Republic of Mozambique: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
September 5, 2003
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Mozambique's economic program was originally supported by a three-year arrangement under the Enhanced Structural Adjustment Facility (ESAF). The Mozambican authorities are to be commended for a continued satisfactory performance under their Poverty Reduction Growth Facility (PRGF)-supported program. When the IMF program completed the fifth review, the Executive Board welcomed the important measures that the authorities have taken to strengthen government revenue, including the adoption of new tax codes and the increase in fuel taxes to correct the erosion from past inflation.
Subject: Asset and liability management, Banking, Debt relief, Expenditure, Poverty, Poverty reduction strategy, Public financial management (PFM), Revenue administration
Keywords: Africa, CR, Debt relief, GDP, government, growth objective, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program, sound debt management policy
Pages:
69
Volume:
2003
DOI:
Issue:
288
Series:
Country Report No. 2003/288
Stock No:
1MOZEA0042003
ISBN:
9781451827187
ISSN:
1934-7685
