{
  "title": "Republic of Mozambique: Selected Issues",
  "publication": "IMF Staff Country Reports, January 8, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-mozambique-selected-issues-43589",
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  "summary": "This Selected Issues paper examines the macroeconomic and fiscal implications of natural gas project for Mozambique. Results, which are based on the IMF Fiscal Analysis of Resource Industries model, suggest that, by the mid-2020s, half of the country’s output will be generated by natural gas.",
  "publishDate": "2016-01-08",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Examines the macroeconomic and fiscal implications of natural gas project for Mozambique.\n- Analysis is based on the IMF Fiscal Analysis of Resource Industries model.\n- Emphasizes that while the economic potential is tremendous, outcomes are sensitive to international commodity price developments and other risk factors."
    },
    {
      "heading": "Key findings",
      "content": "- By the mid-2020s, half of the country’s output will be generated by natural gas.\n- Fiscal revenues from the projects will remain moderate until the mid-2020s because of large depreciation costs for gas liquefaction facilities."
    },
    {
      "heading": "Macroeconomic and fiscal implications",
      "content": "- Large expected contribution of natural gas to GDP by the mid-2020s.\n- Delayed fiscal benefits due to depreciation costs associated with gas liquefaction infrastructure.\n- Sensitivity of macroeconomic and fiscal outcomes to international commodity price developments and other risk factors."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Government authorities would be well-advised in taking a cautious approach given sensitivity to commodity prices and other risks.\n- Implicit recommendation to manage fiscal expectations and plan for moderate near-term fiscal revenues despite large GDP contributions from gas."
    },
    {
      "heading": "Publication and document metadata",
      "content": "- Pages: 29\n- Volume: 2016\n- Issue: 010\n- Series: Country Report No. 2016/010\n- DOI: https://doi.org/10.5089/9781513539065.002\n- Stock No: 1MOZEA2016002\n- ISBN: 9781513539065\n- ISSN: 1934-7685\n\nRepublic of Mozambique: Selected Issues — IMF Staff Country Reports (2016/010).\n\n---\n\n Content in this bundle\n\n- Republic of Mozambique: Selected Issues; IMF Country Report No. 16/10, December 4, 2015\n  - Republic of Mozambique: Selected Issues; IMF Country Report No. 16/10, December 4, 2015 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Mozambique: Selected Issues; IMF Country Report No. 16/10, December 4, 2015 (PDF){rel=\"external\" type=\"application/pdf\"}\n- República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015\n  - [República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015 (Markdown version)](/-/media/websites/imf/imported-publications/external/lang/portuguese/pubs/ft/scr/2016/cr1610p.pdf.md){rel=\"alternate\" type=\"text/markdown\"}\n  - [República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015 (PDF)](/-/media/websites/imf/imported-publications/external/lang/portuguese/pubs/ft/scr/2016/cr1610p.pdf){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-mozambique-selected-issues-43589"
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    "Published: January 8, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513539065.002",
    "Examines the macroeconomic and fiscal implications of natural gas project for Mozambique.",
    "Analysis is based on the IMF Fiscal Analysis of Resource Industries model.",
    "Emphasizes that while the economic potential is tremendous, outcomes are sensitive to international commodity price developments and other risk factors.",
    "By the mid-2020s, half of the country’s output will be generated by natural gas.",
    "Fiscal revenues from the projects will remain moderate until the mid-2020s because of large depreciation costs for gas liquefaction facilities.",
    "Large expected contribution of natural gas to GDP by the mid-2020s.",
    "Delayed fiscal benefits due to depreciation costs associated with gas liquefaction infrastructure.",
    "Sensitivity of macroeconomic and fiscal outcomes to international commodity price developments and other risk factors.",
    "Government authorities would be well-advised in taking a cautious approach given sensitivity to commodity prices and other risks.",
    "Implicit recommendation to manage fiscal expectations and plan for moderate near-term fiscal revenues despite large GDP contributions from gas.",
    "Pages: 29",
    "Volume: 2016",
    "Issue: 010",
    "Series: Country Report No. 2016/010",
    "DOI: https://doi.org/10.5089/9781513539065.002",
    "Stock No: 1MOZEA2016002",
    "ISBN: 9781513539065",
    "ISSN: 1934-7685",
    "**Republic of Mozambique: Selected Issues; IMF Country Report No. 16/10, December 4, 2015**",
    "**República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015**"
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