Republic of Mozambique : Second Review Under the Policy Support Instrument and Request for Waiver of Nonobservance of Assessment Criteria; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique

1MOZEA2008003 Image
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Release Date: © July, 2008
ISBN : 978-1-45182-734-7
Stock #: 1MOZEA2008003
Stock Status: On back-order

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This paper discusses key findings of the Second Review Under the Policy Support Instrument for Mozambique. Overall performance under the program was satisfactory but encountered unexpected challenges. Domestic revenues were stronger than envisaged, but the end-December 2007 assessment criterion (AC) on net credit to government (NCG) was missed largely because of aid shortfalls for onlending to public enterprises and deficiencies in cash-flow management that are being addressed. Monetary policy remained prudent, but the end-year AC on reserve money was missed.


Economic policy , IMF governance and operations , Monetary policy , Operations , Performance Criteria , Reserves , Stand-by Arrangements

More publications in this series: IMF Staff Country Reports