Republic of Mozambique: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion

International Monetary Fund

No 2003/288, IMF Staff Country Reports from International Monetary Fund

Abstract: Mozambique's economic program was originally supported by a three-year arrangement under the Enhanced Structural Adjustment Facility (ESAF). The Mozambican authorities are to be commended for a continued satisfactory performance under their Poverty Reduction Growth Facility (PRGF)-supported program. When the IMF program completed the fifth review, the Executive Board welcomed the important measures that the authorities have taken to strengthen government revenue, including the adoption of new tax codes and the increase in fuel taxes to correct the erosion from past inflation.

Keywords: ISCR; CR; government; PRGF arrangement; PRGF loan; GDP; PRGF-supported program; growth objective; sound debt management policy; Poverty reduction strategy; Debt relief; Africa (search for similar items in EconPapers)
Pages: 69
Date: 2003-09-05
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