Republic of Mozambique: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique

International Monetary Fund

No 2019/166, IMF Staff Country Reports from International Monetary Fund

Abstract: Mozambique’s economic situation had been improving until Tropical Cyclone Idai and Kenneth hit the country in March and April, respectively. Economic growth was recovering gradually and becoming broader based, and inflation reached low single digits. Economic activity is expected to decelerate sharply in 2019 due to the supply shock to productive capacity, but it should rebound to pre-cyclone levels by 2020. In April, the IMF Executive Board approved US$118 million in emergency assistance under the Rapid Credit Facility (RCF). The authorities are committed to macroeconomic stability while fostering inclusive growth and addressing governance challenges.

Keywords: ISCR; CR; monetary policy; Executive Board assessment; supply shock; director; reconstruction financing; authorities' reform effort; financial support; commodity price volatility; monetary policy framework; Government debt management; Fiscal risks; Global; Southern Africa; Africa (search for similar items in EconPapers)
Pages: 66
Date: 2019-06-18
New Economics Papers: this item is included in nep-mac
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