Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Release
January 28, 2014
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The Executive Board of the IMF has completed the first review under the three-year Policy Support Instrument (PSI) for Mozambique. Mozambique’s macroeconomic performance remains strong: real GDP growth for 2013 is estimated at 7.1 percent and inflation remains moderate. The PSI-supported program is broadly on track. Structural reforms along a broad policy spectrum should be implemented vigorously to foster sustained and more inclusive growth. With foreign aid likely to decline over the medium term, increased nonconcessional borrowing can provide additional resources for improving physical infrastructure and human capital. Further strengthening debt management and investment planning and implementation are essential to ensure value for money, maximize the efficiency of investment, and preserve debt sustainability.
Subject: Budget planning and preparation, Capital gains tax, Credit, Money, Public debt, Public financial management (PFM), Revenue administration, Taxes
Keywords: Budget planning and preparation, Capital gains tax, CR, Credit, Global, infrastructure investment, ISCR, loan participation, low-inflation environment, macroeconomic performance, net basis, outlook
Pages:
52
Volume:
2014
DOI:
Issue:
020
Series:
Country Report No. 2014/020
Stock No:
1MOZEA2014001
ISBN:
9781484390429
ISSN:
1934-7685
