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

May 25, 2005

Preview Citation

Format: Chicago

Republic of Mozambique: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

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.

Subject: Banking, Exports, External debt, Fiscal stance, Foreign exchange, Imports, International trade, Public debt

Keywords: Africa, Assets of the Bank of Mozambique, CR, Exports, Fund expert, Imports, ISCR, PRGF loan, PRGF-supported program, Revenue data

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/168
Stock No:

1MOZEA2005001
ISBN:

9781451827217
ISSN:

1934-7685

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