{
  "title": "IMF Staff Team Concludes a Technical Virtual Mission to Mozambique",
  "publication": "IMF News, April 5, 2021",
  "sourceUrl": "https://www.imf.org/en/news/articles/2021/04/05/pr21101-mozambique-imf-staff-team-concludes-a-technical-virtual-mission-to-mozambique",
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  "summary": "Date concluded: March 29, 2021.",
  "publishDate": "2021-04-05",
  "sections": [
    {
      "heading": "Mission summary and context",
      "content": "- Date concluded: March 29, 2021.\n- Mission format: virtual staff visit.\n- Main discussion topics:\n  - Macroeconomic prospects and policies to manage the economic effects of the COVID pandemic.\n  - The authorities’ reform agenda for the next years.\n- Assessment:\n  - Staff and the authorities share a broadly similar assessment of economic prospects for 2021 and the medium-term.\n  - Staff acknowledged the authorities’ adroit economic management in the face of a series of shocks in the past years.\n- Engagement:\n  - The IMF remains closely engaged with the authorities in developing policy reforms in fiscal, monetary and financial, and governance areas.\n  - Strong collaboration through technical assistance."
    },
    {
      "heading": "Key statistics and selected economic indicators (as presented)",
      "content": "- National income and prices\n  - Nominal GDP (MT billion): 896 (2018), 957 (2019), 980 (2020), 1052 (2021)\n  - Real GDP growth: 3.4 (2018), 2.3 (2019), -1.3 (2020), 1.6 (2021)\n  - Consumer price index (end of period): 3.5 (2018), 7.8 (2019)\n- Government operations (Percent of GDP)\n  - Total revenue: 23.8 (2018), 28.9 (2019), 24.1 (2020), 24.2 (2021)\n  - Total expenditure and net lending: 31.3 (2018), 30.0 (2019), 30.9 (2020), 33.3 (2021)\n  - Overall balance, after grants: -8.2 (2018), -1.2 (2019), -4.1 (2020), -6.3 (2021)\n  - Primary Balance after grants: -3.8 (2018), 2.0 (2019), -1.0 (2020), -3.2 (2021)\n- Money and credit (annual percentage change)\n  - Reserve money: 22.5 (2018), 19.1 (2019), 9.0 (2020), 11.1 (2021)\n  - M3 (Broad Money): 8.2 (2018), 12.1 (2019), 23.6 (2020), 24.6 (2021)\n  - Credit to the economy: -2.5 (2018), 5.0 (2019), 14.8 (2020), 8.4 (2021)\n- External sector (annual percentage change)\n  - Merchandise exports: 24.6 (2018), 27.1 (2019), 27.3 (2020), 6.5 (2021)\n  - Merchandise exports, excluding megaprojects: 20.2 (2018), -24.7 (2019), -11.3 (2020)\n  - Merchandise imports: 10.0 (2018), -9.2 (2019), -23.9 (2020), 32.9 (2021)\n  - Merchandise imports, excluding megaprojects: 18.1 (2018), 9.5 (2019), -12.9 (2020), 3.1 (2021)\n- External public finances and reserves (Millions of U.S. dollars)\n  - External Public Debt: 13,335 (2018), 13,485 (2019), 15,199 (2020), 14,769 (2021)\n  - External current account, after grants: -4,501 (2018), -3,022 (2019), -3,813 (2020), -10,393 (2021)\n  - Net international reserves (end of period): 2,885 (2018), 3,605 (2019), 3,791 (2020), 3,430 (2021)\n  - Gross international reserves (end of period): 3,081 (2018), 3,884 (2019), 4,070 (2020), 3,631 (2021)"
    },
    {
      "heading": "Policy focus and implications",
      "content": "- Fiscal policy:\n  - Emphasis on reform agenda in fiscal areas to manage pandemic-related fiscal pressures and medium-term sustainability.\n- Monetary and financial policy:\n  - Continued collaboration on monetary and financial reforms to support stability and economic recovery.\n- Governance:\n  - Ongoing IMF engagement on governance reforms, supported by technical assistance.\n- Technical assistance:\n  - Strong collaboration through technical assistance is highlighted as a central element of IMF support.\n\nIMF Communications Department, April 5, 2021\n\n---\n\n\n References\n\n- IMF COVID-19 Hub\n- Policy Tracker\n- Financial Assistance\n- Questions & Answers\n- Republic of Mozambique and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2021/04/05/pr21101-mozambique-imf-staff-team-concludes-a-technical-virtual-mission-to-mozambique"
    }
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    "Published: April 5, 2021",
    "Date concluded: March 29, 2021.",
    "Mission format: virtual staff visit.",
    "Main discussion topics:",
    "Assessment:",
    "Engagement:",
    "National income and prices",
    "Government operations (Percent of GDP)",
    "Money and credit (annual percentage change)",
    "External sector (annual percentage change)",
    "External public finances and reserves (Millions of U.S. dollars)",
    "Fiscal policy:",
    "Monetary and financial policy:",
    "Governance:",
    "Technical assistance:",
    "[IMF COVID-19 Hub](https://www.imf.org/en/Topics/imf-and-covid19)",
    "[Policy Tracker](https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19)",
    "[Financial Assistance](https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker)",
    "[Questions & Answers](https://www.imf.org/en/About/FAQ/imf-response-to-covid-19)",
    "[Republic of Mozambique and the IMF](http://www.imf.org/external/country/MOZ/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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