Republic of Mozambique: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Modification of Performance Criteria

International Monetary Fund

No 2006/254, IMF Staff Country Reports from International Monetary Fund

Abstract: Mozambique’s strong macroeconomic performance continued in 2005 and early 2006, despite exogenous shocks. Fiscal results were commendable, and all performance criteria through end-March 2006 were met. Although the macroeconomic outlook remains favorable, vigilance will be required, in light of volatile oil prices and unpredictable weather. The main challenges are sustaining broad-based economic growth and making further inroads in alleviating poverty through the implementation of a poverty reduction strategy for 2006–09. The authorities’ commitment to create sufficient fiscal space for priority investments is welcomed.

Keywords: ISCR; CR; program inflation target; expenditure plan; plan; petroleum distributor; cooking oil price; PRGF loan; Treasury bill auction rate; Credit; Global (search for similar items in EconPapers)
Pages: 94
Date: 2006-07-11
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