Republic of Mozambique: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique

March 7, 2018

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Republic of Mozambique: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Also available in: português

Summary

This 2017 Article IV Consultation highlights that growth in Mozambique decelerated in 2016 to 3.8 percent (from 6.6 percent in 2015). The latest data show that the economy grew by 3.7 percent in 2017, driven by a recovery in agriculture and mining activity. A tight monetary stance, coupled with exchange rate appreciation, led to a steep fall in inflation to 6.3 percent (year-over-year) in January 2018, from a peak of 26 percent in November 2016. The outlook remains challenging. Absent further policy action, real GDP growth is expected to further decline over time while inflation would remain at current levels. The fiscal deficit would expand, leading to further accumulation of public debt and crowding out of the private sector.

Subject: Banking, Debt service, External debt, Public and publicly-guaranteed external debt, Public debt, Revenue administration

Keywords: Africa, CR, Debt, Debt service, Deficit, Economy, Global, ISCR, Maputo inflation index, Monetary policy normalization, Mozambique's economy, MPC decision, Public and publicly-guaranteed external debt, Railway authority Cfm

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/065
Stock No:

1MOZEA2018001
ISBN:

9781484345597
ISSN:

1934-7685

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