Republic of Mozambique: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mozambique.

June 15, 2012

Preview Citation

Format: Chicago

Republic of Mozambique: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mozambique., (USA: International Monetary Fund, 2012) accessed November 27, 2024

Summary

The Mozambican economy recorded a strong performance in 2011, showing little sign of being affected by the global turmoil. Given the declining trend in foreign aid in the medium term, the government is tapping more into nonconcessional borrowing to close the infrastructure gap. To promote inclusive growth, the government has launched a series of initiatives to implement the Poverty Reduction Strategy including an overhaul of social protection programs. Reform momentum needs to be maintained, as implementation challenges are enormous and administrative capacity and coordination need to be upgraded.

Subject: Banking, Credit, Debt sustainability analysis, External debt, Money, Public debt, Public financial management (PFM)

Keywords: Authority, Borrowing intention, CR, Credit, Debt sustainability analysis, East Africa, Executive board discussion, Global, ISCR, Mozambican authorities, Real GDP, Reform momentum, Sound policy, Southern Africa

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/148
Stock No:

1MOZEA2012001
ISBN:

9781475504521
ISSN:

1934-7685

Notes

Also Available in Portuguese

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