The World Bank Group in Mozambique, Fiscal Years 2008-21 - Country Program Evaluation

World Bank

No 39568 in World Bank Publications - Books from The World Bank Group

Abstract: Between 1993 and 2013, Mozambique became one of the fastest-growing economies in Sub-Saharan Africa boosting incomes and living standards. Political and macroeconomic stability provided the foundation for robust growth led by a rebounding agricultural sector and significant donor support. Growth, however, decelerated beginning in 2016 in the face of low commodity prices, a hidden debt crisis, and natural disasters. In FY18, Mozambique was formally classified as a fragile country. The Covid-19 pandemic further eroded growth. In light of the country’s evolving context, this Country Program Evaluation (CPE) reviews the World Bank Group’s engagement in Mozambique over the period FY08 into FY21. The CPE assesses the extent to which the Bank Group’s support was relevant to Mozambique’s main development challenges and drivers of fragility as well as how Bank Group support evolved and adapted over time. The evaluation delves into four themes that are relevant to Mozambique’s pursuit of the Bank Group’s Twin Goals of Poverty Reduction and Shared Prosperity: (i) low agricultural productivity; (ii) unequal access to basic services; (iii) weak institutions and governance; and (iv) vulnerability to climate change and natural disasters. The evaluation presents findings from each of the four themes covered and distills lessons from Bank Group experience in Mozambique to inform future strategies and engagements.

Keywords: Macroeconomics; and; Economic; Growth-Economic; Growth; Governance-Governance; Indicators; Environment-Climate; Change; Impacts (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:39568

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