Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; and Press Release

International Monetary Fund

No 2010/375, IMF Staff Country Reports from International Monetary Fund

Abstract: Mozambique continues to show a strong economic performance. The inflation expectations require a tightening of the macroeconomic policy mix. Executive Directors commended the role of government in sustaining economic growth by accelerating the public investment program. Engaging development partners and civil society to make the growth strategy more inclusive and allowing Mozambicans to participate in economic growth and the determination in fighting inflation is welcome. The fuel price policy has contributed to substantial costs to Mozambique’s fiscal and external accounts, and poses future risks.

Keywords: ISCR; CR; food import price; fiscal policy; tightening of fiscal and monetary policies; liability positions vis-à-vis nonresident; support Mozambique's competitiveness; headline inflation; Inflation; Credit; Monetary base; Global (search for similar items in EconPapers)
Pages: 66
Date: 2010-12-20
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