Republic of Mozambique: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Modification of Performance Criteria
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Summary:
Mozambique’s strong macroeconomic performance continued in 2005 and early 2006, despite exogenous shocks. Fiscal results were commendable, and all performance criteria through end-March 2006 were met. Although the macroeconomic outlook remains favorable, vigilance will be required, in light of volatile oil prices and unpredictable weather. The main challenges are sustaining broad-based economic growth and making further inroads in alleviating poverty through the implementation of a poverty reduction strategy for 2006–09. The authorities’ commitment to create sufficient fiscal space for priority investments is welcomed.
Series:
Country Report No. 2006/254
Subject:
Banking Credit External debt Foreign exchange Health Money Public debt
English
Publication Date:
July 11, 2006
ISBN/ISSN:
9781451827279/1934-7685
Stock No:
1MOZEA2006002
Pages:
94
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