Republic of Mozambique: Third Review Under the Poverty Reduction and Growth Facility

October 12, 2001

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Republic of Mozambique: Third Review Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2001) accessed November 21, 2024

Summary

Mozambique showed commendable economic performance owing to its strong policy implementation, under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors welcomed this development, and stressed the need for macroeconomic stability, tightening of fiscal and monetary policies, and accelerating structural reforms. They welcomed the plan of not recapitalizing the commercial bank Banco Austral (BA), and emphasized the need for effective banking supervision. They agreed that the country has successfully completed the third review under the PRGF Arrangement, and approved concessional assistance.

Subject: Asset and liability management, Banking, Budget planning and preparation, Debt relief, Expenditure, Monetary base, Poverty, Poverty reduction and development, Poverty reduction strategy, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, CR, Debt relief, Disbursement of SDR, Implementation of the PRSP, ISCR, Mozambique's Poverty Reduction Strategy Paper, Poverty reduction and development, Poverty reduction strategy, PRGF arrangement, SDR, World Bank executive board

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/179
Stock No:

1MOZEA0032001
ISBN:

9781451827149
ISSN:

1934-7685

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