Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-05-30 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-08-04 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Republic of Mozambique’s Fourth Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Although program performance at end-2014 was mixed, the implementation of the structural reform agenda has improved, and the new government has expressed strong commitment to program implementation, including through strong policy adjustment, credible corrective measures, and new steps to improve fiscal transparency. Maintaining fiscal discipline over the medium term through a more prudent debt management strategy will be essential to preserve debt sustainability. The IMF staff recommends the completion of the fourth PSI review.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-08-27 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic outlook remains positive. Growth is expected to reach 7 percent in 2015 and inflation to remain low. Substantial policy adjustment is underway to respond to slippages around the elections and new balance of payment pressures from low commodity prices. Fiscal adjustment, greater exchange rate flexibility and stronger liquidity management are essential to preserve macroeconomic stability and continue to attract foreign investment to support growth, including in the oil and gas sector where projected investments could reach $100 billion over the next decade.
Download or read book Republic of Mozambique written by International Monetary Fund Staff and published by International Monetary Fund. This book was released on 2012-06-25 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book Republic of Mozambique written by David Nellor and published by . This book was released on 2008 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Mozambique written by International Monetary Fund and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Mozambique written by International Monetary Fund Staff and published by . This book was released on 2008-07-29 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-07-08 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Second Review Under the Policy Support Instrument for Mozambique. Overall performance under the program was satisfactory but encountered unexpected challenges. Domestic revenues were stronger than envisaged, but the end-December 2007 assessment criterion (AC) on net credit to government (NCG) was missed largely because of aid shortfalls for onlending to public enterprises and deficiencies in cash-flow management that are being addressed. Monetary policy remained prudent, but the end-year AC on reserve money was missed.
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-28 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, Mozambique’s financial stability is discussed. The poverty reduction strategy (PARP) aims to respond to these challenges and create the conditions for high, sustained, and inclusive economic growth. The prudent policies resulted in strong economic performance. Executive Directors emphasized the importance of adhering to a prudent borrowing strategy, further strengthening debt management, and improving investment planning. The resilience of the banking system during the global crisis has been noted; and continued vigilance was recommended in light of remaining vulnerabilities.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-01-28 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Mozambique’s First Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Mozambique’s macroeconomic outlook remains favorable and the PSI-supported program is broadly on track. All assessment criteria were met and most indicative targets, but there was some slippage on structural reforms. Economic growth is robust and inflation remains moderate. In spite of risks stemming from the uncertain global economy, growth is expected to be sustained in the medium term by the natural resource boom and infrastructure investment. Structural reforms along a broad policy spectrum should be implemented vigorously to foster sustained and more inclusive growth.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-01-08 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that despite lower commodity prices and a weaker global environment, Mozambique’s economic prospects remain positive given planned massive investment in natural resources. Although GDP growth averaged 7 percent over the last five years, Mozambique’s per-capita income and human development index remain low. There is a need to continue implementing policies that support fiscal sustainability, infrastructure investment, and inclusive growth. Mozambique’s economic outlook remains robust. Growth of 6.3 percent is expected in 2015, and remains below potential at 6.5 percent in 2016, mainly owing to a stagnant mining sector and substantially tighter fiscal and monetary policies.
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-01-14 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strong macroeconomic performance and the implementation of prudent fiscal and monetary policies and a flexible exchange rate regime have helped Mozambique to perform well under the Policy Support Instrument (PSI). Executive Directors advised to maintain macroeconomic stability and accelerate structural reforms to sustain rapid growth. Directors stressed the need for fiscal transparency and adopting regulations to the Mining and Petroleum Fiscal Regime laws. Directors appreciated the principles of the Extractive Industries Transparency Initiative, welcomed its monetary policy stance, and encouraged authorities to embark on revenue efforts to achieve the MDGs.
Download or read book Mozambique Rising written by Ms.Doris C. Ross and published by International Monetary Fund. This book was released on 2014-05-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication highlights Mozambique’s remarkably strong growth over the two decades since the end of the civil war in 1992, as well as the major challenges that remain for the country to rise out of poverty and further its economic development. Chapters explore such topics as the role of megaprojects and their relationship to jobs and growth; infrastructure and public investment; Mozambique's quest for inclusive growth; developing the agricultural sector; and building a social protection floor.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-13 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic recovery is broad-based and strengthening. Inflation pressures remain moderate reflecting favorable domestic food production and stable fuel prices. Fiscal performance in 2022 was worse than expected, mainly due to slippage in the wage bill reform and revenue underperformance. Mozambique has been grappling with the impact of Cyclone Freddy and a persistent cholera outbreak. The security situation in the North has improved; municipal elections will be held in October 2023, and general elections in October 2024.
Download or read book Where Credit is Due written by Gregory Smith and published by Oxford University Press. This book was released on 2021-12-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if it's done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the 2020 coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness. The escalating debt burden has provoked calls by the G20 for suspension of debt payments. But Africa's debt today is highly complex, and owed to a wider range of lenders. A new approach is needed, and could turn crisis into opportunity. Urgent action by both lenders and borrowers can reduce risk, while carefully preserving market access; and smart deployment of private finance can provide the scale of investment needed to achieve development goals and tackle the climate emergency.
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-02-08 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Mozambique’s Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Modification of Performance Criteria. Performance under the program has been broadly satisfactory so far in 2005. All quantitative and structural performance criteria have been met through end-September. The two structural benchmarks for end-June were not met; however, one of the corresponding measures was implemented in August and the other is expected to be implemented by end-April 2006. The fiscal program is also on track.
Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2024-07-12 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is tepid, with tight financial conditions continuing to act as a drag on activity. Inflation pressures have declined sharply reflecting lower international fuel and food prices and subdued domestic demand. About 60 percent of the population is below the poverty line. A fiscal correction is ongoing, albeit at a slower pace than planned, following the fiscal slippages from the single salary scale reform adopted in 2022. The security situation in the north remains fragile and general elections are scheduled for October 9, 2024.
