Republic of Mozambique: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Modification of Performance Criteria
Volume/Issue:
Volume 2006
Issue 254
Publication date: July 2006
ISBN: 9781451827279
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , program inflation target , expenditure plan , plan , petroleum distributor , cooking oil price , PRGF loan , Treasury bill auction rate , Credit , Global
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Summary
Mozambique’s strong macroeconomic performance continued in 2005 and early 2006, despite exogenous shocks. Fiscal results were commendable, and all performance criteria through end-March 2006 were met. Although the macroeconomic outlook remains favorable, vigilance will be required, in light of volatile oil prices and unpredictable weather. The main challenges are sustaining broad-based economic growth and making further inroads in alleviating poverty through the implementation of a poverty reduction strategy for 2006–09. The authorities’ commitment to create sufficient fiscal space for priority investments is welcomed.
