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
IMF Staff Country Reports, August 4, 2015
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- 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
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Bibliographic details
- Published: August 4, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513533568.002
Overview and Main Findings
- The paper discusses Republic of Mozambique’s Fourth Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria.
- Program performance at end-2014 was mixed.
- Implementation of the structural reform agenda has improved.
- The new government has expressed strong commitment to program implementation through:
- strong policy adjustment,
- credible corrective measures,
- new steps to improve fiscal transparency.
Fiscal Risks and Debt Sustainability
- Maintaining fiscal discipline over the medium term through a more prudent debt management strategy will be essential to preserve debt sustainability.
- Subject areas highlighted: Credit; Debt sustainability analysis; External debt; Fiscal risks; Money; Public debt; Public financial management (PFM); Public investment and public-private partnerships (PPP).
Policy Recommendations and IMF Position
- IMF staff recommends the completion of the fourth PSI review.
- Emphasized policy priorities:
- Continue structural reforms to strengthen implementation,
- Implement credible corrective fiscal measures,
- Enhance fiscal transparency,
- Adopt a more prudent debt management strategy to preserve debt sustainability.
Content in this bundle
- Cr15223
- _cr15223p