Republic of Mozambique: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 050

Publication date: March 2004

ISBN: 9781451827095

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , staff's assessment , issuance of the statement , staff representative , statement , proportion of the population , metical vis-à-vis , Debt relief , International reserves , Debt service , Sub-Saharan Africa

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Mozambique's performance under the authorities' program during the first three quarters of 2003 continued to be satisfactory. The discussions focused on the macroeconomic policies for 2004–06 and the government's plans to address pending structural reforms to broaden and sustain growth and further reduce poverty. Discussions on structural issues concentrated on the authorities' plans to remove a number of obstacles to private sector development. A strengthened monetary and exchange rate management will be essential in Mozambique, particularly in view of the high degree of dollarization.