Republic of Mozambique: Fifth Review Under the Policy Support Instrument, First Review Under the Twelve-Month Arrangement Under the Exogenous Shocks Facility, and Request for Modification of Assessment/Performance Criteria-Staff Report and Press Release
IMF Staff Country Reports, December 15, 2009
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- Republic of Mozambique: Fifth Review Under the Policy Support Instrument, First Review Under the Twelve-Month Arrangement Under the Exogenous Shocks Facility, and Request for Modification of Assessment/Performance Criteria-Staff Report and Press Release
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Bibliographic details
- Published: December 15, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451827392.002
Summary
- Discusses key findings of the Fifth Review Under the Policy Support Instrument for Mozambique, and findings of the First Review Under the Exogenous Shocks Facility.
- The country’s track record of prudent policies provided ample space for easing macroeconomic policies in 2009.
- Revenues surpassed expectations in the first semester and the fiscal program was on track at end-September.
- The government missed its end-June 2009 assessment/performance criterion on net domestic credit very marginally.
- The government reiterated its commitment to its medium-term strategy of prudent macroeconomic policies.
Fiscal and Macroeconomic Developments
- Revenues surpassed expectations in the first semester.
- Fiscal program on track at end-September.
- Missed end-June 2009 assessment/performance criterion on net domestic credit very marginally.
- Policy space allowed easing of macroeconomic policies in 2009.
Policy Assessment and Commitments
- IMF Staff Country Reports provide the assessment framework.
- The government has reiterated commitment to medium-term prudent macroeconomic policies.
- The document addresses requests for modification of assessment/performance criteria related to the Exogenous Shocks Facility arrangement.
Subject Coverage and Keywords
- Subjects: Balance of payments statistics, Banking, Credit, Currencies, Economic and financial statistics, Government finance statistics, International reserves, Monetary base, Money, National accounts.
- Keywords: authority, Balance of payments statistics, CR, Credit, disbursement of SDR, Global, Government finance statistics, ISCR, liability positions vis-à-vis nonresident, Monetary base, Policy support, prompt response, SDR, support Mozambique's competitiveness.