## IMF Staff Team Concludes a Technical Virtual Mission to Mozambique

_IMF News, April 5, 2021_

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**Canonical URL:** [IMF Staff Team Concludes a Technical Virtual Mission to Mozambique](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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## Bibliographic details
- Published: April 5, 2021

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### Mission summary and context
- Date concluded: March 29, 2021.
- Mission format: virtual staff visit.
- Main discussion topics:
  - Macroeconomic prospects and policies to manage the economic effects of the COVID pandemic.
  - The authorities’ reform agenda for the next years.
- Assessment:
  - Staff and the authorities share a broadly similar assessment of economic prospects for 2021 and the medium-term.
  - Staff acknowledged the authorities’ adroit economic management in the face of a series of shocks in the past years.
- Engagement:
  - The IMF remains closely engaged with the authorities in developing policy reforms in fiscal, monetary and financial, and governance areas.
  - Strong collaboration through technical assistance.

### Key statistics and selected economic indicators (as presented)
- National income and prices
  - Nominal GDP (MT billion): 896 (2018), 957 (2019), 980 (2020), 1052 (2021)
  - Real GDP growth: 3.4 (2018), 2.3 (2019), -1.3 (2020), 1.6 (2021)
  - Consumer price index (end of period): 3.5 (2018), 7.8 (2019)
- Government operations (Percent of GDP)
  - Total revenue: 23.8 (2018), 28.9 (2019), 24.1 (2020), 24.2 (2021)
  - Total expenditure and net lending: 31.3 (2018), 30.0 (2019), 30.9 (2020), 33.3 (2021)
  - Overall balance, after grants: -8.2 (2018), -1.2 (2019), -4.1 (2020), -6.3 (2021)
  - Primary Balance after grants: -3.8 (2018), 2.0 (2019), -1.0 (2020), -3.2 (2021)
- Money and credit (annual percentage change)
  - Reserve money: 22.5 (2018), 19.1 (2019), 9.0 (2020), 11.1 (2021)
  - M3 (Broad Money): 8.2 (2018), 12.1 (2019), 23.6 (2020), 24.6 (2021)
  - Credit to the economy: -2.5 (2018), 5.0 (2019), 14.8 (2020), 8.4 (2021)
- External sector (annual percentage change)
  - Merchandise exports: 24.6 (2018), 27.1 (2019), 27.3 (2020), 6.5 (2021)
  - Merchandise exports, excluding megaprojects: 20.2 (2018), -24.7 (2019), -11.3 (2020)
  - Merchandise imports: 10.0 (2018), -9.2 (2019), -23.9 (2020), 32.9 (2021)
  - Merchandise imports, excluding megaprojects: 18.1 (2018), 9.5 (2019), -12.9 (2020), 3.1 (2021)
- External public finances and reserves (Millions of U.S. dollars)
  - External Public Debt: 13,335 (2018), 13,485 (2019), 15,199 (2020), 14,769 (2021)
  - External current account, after grants: -4,501 (2018), -3,022 (2019), -3,813 (2020), -10,393 (2021)
  - Net international reserves (end of period): 2,885 (2018), 3,605 (2019), 3,791 (2020), 3,430 (2021)
  - Gross international reserves (end of period): 3,081 (2018), 3,884 (2019), 4,070 (2020), 3,631 (2021)

### Policy focus and implications
- Fiscal policy:
  - Emphasis on reform agenda in fiscal areas to manage pandemic-related fiscal pressures and medium-term sustainability.
- Monetary and financial policy:
  - Continued collaboration on monetary and financial reforms to support stability and economic recovery.
- Governance:
  - Ongoing IMF engagement on governance reforms, supported by technical assistance.
- Technical assistance:
  - Strong collaboration through technical assistance is highlighted as a central element of IMF support.

*IMF Communications Department, April 5, 2021*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2021/04/05/pr21101-mozambique-imf-staff-team-concludes-a-technical-virtual-mission-to-mozambique_