Republic of Mozambique: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Modification of Performance Criteria

July 11, 2006

Preview Citation

Format: Chicago

Republic of Mozambique: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Summary

Mozambique’s strong macroeconomic performance continued in 2005 and early 2006, despite exogenous shocks. Fiscal results were commendable, and all performance criteria through end-March 2006 were met. Although the macroeconomic outlook remains favorable, vigilance will be required, in light of volatile oil prices and unpredictable weather. The main challenges are sustaining broad-based economic growth and making further inroads in alleviating poverty through the implementation of a poverty reduction strategy for 2006–09. The authorities’ commitment to create sufficient fiscal space for priority investments is welcomed.

Subject: Banking, Credit, External debt, Foreign exchange, Health, Money, Public debt

Keywords: Cooking oil price, CR, Credit, Expenditure plan, Global, ISCR, Petroleum distributor, Plan, PRGF loan, Program inflation target, Treasury bill auction rate

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/254
Stock No:

1MOZEA2006002
ISBN:

9781451827279
ISSN:

1934-7685

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