{
  "title": "Republic of Mozambique: Second Review Under the Policy Support Instrument and Request for Waiver of Nonobservance of Assessment Criteria; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique",
  "publication": "IMF Staff Country Reports, July 8, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-mozambique-second-review-under-the-policy-support-instrument-and-request-for-22146",
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  "summary": "This paper discusses key findings of the Second Review Under the Policy Support Instrument for Mozambique. Overall performance under the program was satisfactory but encountered unexpected challenges.",
  "publishDate": "2008-07-08",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and program assessment",
      "content": "- Overall performance under the program was satisfactory but encountered unexpected challenges.\n- Domestic revenues were stronger than envisaged.\n- The end-December 2007 assessment criterion (AC) on net credit to government (NCG) was missed largely because of aid shortfalls for onlending to public enterprises and deficiencies in cash-flow management that are being addressed.\n- Monetary policy remained prudent, but the end-year AC on reserve money was missed."
    },
    {
      "heading": "Key findings and technical observations",
      "content": "- Missed assessment criterion: end-December 2007 AC on net credit to government (NCG) — primary reasons cited:\n  - Aid shortfalls for onlending to public enterprises.\n  - Deficiencies in cash-flow management, which are being addressed.\n- Monetary policy stance: characterized as prudent despite missing the end-year AC on reserve money.\n- Fiscal performance: domestic revenue outturn stronger than planned."
    },
    {
      "heading": "Subjects and thematic coverage",
      "content": "- Credit\n- Currencies\n- Expenditure\n- Food prices\n- Money\n- Prices\n- Public debt\n- Total expenditures\n\n---\n\n Content in this bundle\n\n- cr08220\n  - cr08220 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08220 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-mozambique-second-review-under-the-policy-support-instrument-and-request-for-22146"
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    "Published: July 8, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451827347.002",
    "Overall performance under the program was satisfactory but encountered unexpected challenges.",
    "Domestic revenues were stronger than envisaged.",
    "The end-December 2007 assessment criterion (AC) on net credit to government (NCG) was missed largely because of aid shortfalls for onlending to public enterprises and deficiencies in cash-flow management that are being addressed.",
    "Monetary policy remained prudent, but the end-year AC on reserve money was missed.",
    "Missed assessment criterion: end-December 2007 AC on net credit to government (NCG) — primary reasons cited:",
    "Monetary policy stance: characterized as prudent despite missing the end-year AC on reserve money.",
    "Fiscal performance: domestic revenue outturn stronger than planned.",
    "Credit",
    "Currencies",
    "Expenditure",
    "Food prices",
    "Money",
    "Prices",
    "Public debt",
    "Total expenditures",
    "**_cr08220**"
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