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

May 30, 2014

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Format: Chicago

Republic of Mozambique: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria; Staff Report; Debt Sustainability Analysis; Press Release; and Statement by the Executive Director for Republic of Mozambique, (USA: International Monetary Fund, 2014) accessed November 26, 2024

Summary

This paper discusses Mozambique’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Mozambique’s economy remains buoyant and recovered quickly from the severe floods in early 2013. Growth is estimated at 7 percent for 2013, with strong performance in coal mining, construction, transport, communications, and financial services. Inflation remains low notwithstanding accommodative monetary policy and rapid credit expansion. The real effective exchange rate was broadly stable in 2013 and a nominal appreciation against the South African rand helped to limit inflation. Program performance to date has been broadly satisfactory. The IMF staff recommends the completion of the second PSI review.

Subject: Credit, Debt sustainability analysis, External debt, Fiscal risks, Public debt, Public financial management (PFM), Revenue administration

Keywords: Collection effort, CR, Debt sustainability analysis, Deficit, Fiscal risks, GDP, Global, IMF's framework, Inflation environment, ISCR, Maintaining inflation, Natural resource exploitation, Real GDP

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/148
Stock No:

1MOZEA2014003
ISBN:

9781498318426
ISSN:

1934-7685

Notes

Also Available in Portuguese

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