Republic of Mozambique : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

1MOZEA2005001 Image
Price:  $15.00

Release Date: © May, 2005
ISBN : 978-1-45182-721-7
Stock #: 1MOZEA2005001
English
Stock Status: On back-order

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Description

This paper examines Mozambique’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Mozambique’s performance in 2004 relative to the main macroeconomic objectives of the PRGF-supported program was satisfactory. The fiscal performance through September 2004 was adversely affected by a significant revenue shortfall. The program for 2005 envisages slower growth of 7.3 percent and a further decline in inflation to 8.5 percent by year-end. The program includes additional measures to improve liquidity sterilization, including through the introduction of foreign exchange auctions by end-February 2005.




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