Republic of Mozambique: Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility
November 1, 2004
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This paper examines Mozambique’s Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Mozambique’s performance under the authorities’ program continues to be generally satisfactory. Real GDP growth remained strong in 2003, real interest rates have declined, the external position has been further strengthened, and major inroads have been made in reducing poverty. The program for 2004 incorporates a number of structural measures aimed at removing remaining obstacles to private sector development and strengthening external competitiveness, which will be followed by additional actions in 2005–06.
Subject: Asset and liability management, Banking, Debt relief, External debt, Foreign exchange, Poverty, Poverty reduction, Poverty reduction strategy, Public debt
Keywords: Africa, approval of the arrangement, CR, Debt relief, disbursement of SDR, final decision of the IMF Executive Board, gas pipeline, ISCR, Mozambique's Poverty Reduction and Strategy Paper, Poverty reduction strategy, PRGF loan, Southern Africa, staff appraisal
Pages:
100
Volume:
2004
DOI:
Issue:
342
Series:
Country Report No. 2004/342
Stock No:
1MOZEA0062004
ISBN:
9781451928198
ISSN:
1934-7685
