Republic of Mozambique: 2009 Article IV Consultation, Fourth Review Under the Policy Support Instrument, and Request for a Twelve-Month Arrangement Under the Exogenous Shocks Facility: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique

Publication Date:

July 31, 2009

Electronic Access:

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Summary:

This 2009 Article IV Consultation highlights that against a backdrop of a highly uncertain global economic environment, Mozambique’s macroeconomic prospects remain positive, but have weakened. The scope for supportive macroeconomic policies to offset the impact of the global economic slowdown is curtailed by the large projected decline in external reserves. Executive Directors have welcomed Mozambique’s continued strong macroeconomic performance in 2008. Directors have also commended the authorities’ flexible policy response to higher fuel and food import prices, which has helped to mitigate the impact of these shocks.

Series:

Country Report No. 2009/227

Subject:

Notes:

Also available in Portuguese

English

Publication Date:

July 31, 2009

ISBN/ISSN:

9781451827385/1934-7685

Stock No:

1MOZEA2009004

Pages:

80

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