Republic of Mozambique: Third Review Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2001/179, IMF Staff Country Reports from International Monetary Fund

Abstract: Mozambique showed commendable economic performance owing to its strong policy implementation, under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors welcomed this development, and stressed the need for macroeconomic stability, tightening of fiscal and monetary policies, and accelerating structural reforms. They welcomed the plan of not recapitalizing the commercial bank Banco Austral (BA), and emphasized the need for effective banking supervision. They agreed that the country has successfully completed the third review under the PRGF Arrangement, and approved concessional assistance.

Keywords: ISCR; CR; Mozambique's Poverty Reduction Strategy Paper; PRGF arrangement; SDR; disbursement of SDR; implementation of the PRSP; World Bank executive board; Poverty reduction strategy; Poverty reduction and development; Budget planning and preparation; Debt relief; Africa (search for similar items in EconPapers)
Pages: 54
Date: 2001-10-12
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