Republic of Mozambique: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility
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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.
Series:
Country Report No. 2005/168
Subject:
Banking Exports External debt Fiscal stance Foreign exchange Imports International trade Public debt
English
Publication Date:
May 25, 2005
ISBN/ISSN:
9781451827217/1934-7685
Stock No:
1MOZEA2005001
Pages:
78
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