Republic of Mozambique: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique

June 18, 2019

Preview Citation

Format: Chicago

Republic of Mozambique: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique, (USA: International Monetary Fund, 2019) accessed November 17, 2024

Also available in: português

Summary

Mozambique’s economic situation had been improving until Tropical Cyclone Idai and Kenneth hit the country in March and April, respectively. Economic growth was recovering gradually and becoming broader based, and inflation reached low single digits. Economic activity is expected to decelerate sharply in 2019 due to the supply shock to productive capacity, but it should rebound to pre-cyclone levels by 2020. In April, the IMF Executive Board approved US$118 million in emergency assistance under the Rapid Credit Facility (RCF). The authorities are committed to macroeconomic stability while fostering inclusive growth and addressing governance challenges.

Subject: Credit, Fiscal risks, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Authorities' reform effort, Commodity price volatility, CR, Director, Executive Board assessment, Financial support, Fiscal risks, Global, Government debt management, ISCR, Monetary policy, Monetary policy framework, Reconstruction financing, Southern Africa, Supply shock

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/166
Stock No:

1MOZEA2019002
ISBN:

9781498319997
ISSN:

1934-7685

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