Mozambique: Recent Economic Developments

International Monetary Fund

No 1996/142, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Mozambique during 1990–96. Under the Economic and Social Rehabilitation Program (ESRP), the economy has made impressive economic gains. Real GDP growth averaged 6.7 percent in 1987–95, despite the civil war, a decline in the terms of trade, and natural disasters. Investment and export volumes are growing rapidly. These achievements have been capped in the last two years (1995–96) by a dramatic decline in inflation—from 70 percent in 1994 to 13 percent in the first eight months of 1996.

Keywords: ISCR; CR; U.S. dollar; exchange rate; private sector; foreign aid; debt service; efficiency ratio; Tariffs; Imports; Exports; Agricultural commodities; Transportation; Africa (search for similar items in EconPapers)
Pages: 106
Date: 1997-01-23
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