Republic of Mozambique: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique
August 4, 2015
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This paper discusses Republic of Mozambique’s Fourth Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Although program performance at end-2014 was mixed, the implementation of the structural reform agenda has improved, and the new government has expressed strong commitment to program implementation, including through strong policy adjustment, credible corrective measures, and new steps to improve fiscal transparency. Maintaining fiscal discipline over the medium term through a more prudent debt management strategy will be essential to preserve debt sustainability. The IMF staff recommends the completion of the fourth PSI review.
Subject: Credit, Debt sustainability analysis, External debt, Fiscal risks, Money, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP)
Keywords: CR, Credit, debt, Debt sustainability analysis, deficit, executive board's discussion, expenditure, expenditure policy, feasibility study, financing, Fiscal risks, Global, inflation expectation, ISCR, policy priority, policy reform, real GDP, Sub-Saharan Africa
Pages:
80
Volume:
2015
DOI:
Issue:
223
Series:
Country Report No. 2015/223
Stock No:
1MOZEA2015003
ISBN:
9781513533568
ISSN:
1934-7685
