IMF Staff Country Reports

Republic of Mozambique: Third Review Under the Poverty Reduction and Growth Facility

Publication Date:

October 12, 2001

Electronic Access:

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Summary:

Mozambique showed commendable economic performance owing to its strong policy implementation, under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors welcomed this development, and stressed the need for macroeconomic stability, tightening of fiscal and monetary policies, and accelerating structural reforms. They welcomed the plan of not recapitalizing the commercial bank Banco Austral (BA), and emphasized the need for effective banking supervision. They agreed that the country has successfully completed the third review under the PRGF Arrangement, and approved concessional assistance.

Series:

Country Report No. 2001/179

Subject:

Asset and liability management Banking Budget planning and preparation Debt relief Expenditure Monetary base Poverty Poverty reduction and development Poverty reduction strategy Public financial management (PFM)