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

1MOZEA2006002 Image
Price:  $15.00

Release Date: © July, 2006
ISBN : 978-1-45182-727-9
Stock #: 1MOZEA2006002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic development , Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , IMF governance and operations , Investment , Monetary policy , Operations , Performance Criteria , Stand-by Arrangements




More publications in this series: IMF Staff Country Reports