IMF Staff Country Reports

Republic of Mozambique: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause, Waiver of Nonobservance of Quantitative Performance Criterion, Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique

January 16, 2024

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Format: Chicago

Republic of Mozambique: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause, Waiver of Nonobservance of Quantitative Performance Criterion, Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Also available in: português

Summary

The economy continues growing steadily. Inflation pressures have declined sharply reflecting lower food and fuel prices. A fiscal correction is ongoing following the fiscal slippages from implementation challenges related to the single salary scale adopted in 2022. The security situation in the north has improved and general elections are planned for October 2024. Mozambique is facing tight domestic financing conditions combined with an external funding squeeze.

Subject: Debt sustainability analysis, Expenditure, External debt, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Debt sustainability analysis, East Africa, ECF arrangement, Financing needs, Financing vulnerability, Global, IMF team, Inflation pressure, Monetary policy stance, Mozambican authorities, Southern Africa, State guarantee

Publication Details

  • Pages:

    121

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/008

  • Stock No:

    1MOZEA2024001

  • ISBN:

    9798400264757

  • ISSN:

    1934-7685

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