Download or read book Republic of Mozambique written by International Monetary Fund Staff and published by . This book was released on 2009-03-11 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 2009-02-10 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the staff report on the Republic of Mozambique’s Third Review under the policy support instrument. Mozambique is vulnerable to the global financial crisis and economic slowdown. Lower import prices will help reduce inflation and likely benefit the trade balance. Lower export volumes and reduced private capital inflows are expected to reduce economic growth. The turbulence could also spread to the financial system despite its limited integration into global financial markets. The government is focusing on strengthening policy operations, giving special attention to the tax system and public financial management.
Download or read book Republic of Mozambique written by Mark Plant and published by . This book was released on 2009 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Mozambique Third Review Under the Policy Support Instrument Staff Report and Press Release written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-02-04 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Context and policy challenges. Mozambique’s macroeconomic performance remains robust, with strong growth and low inflation. In spite of the heightened risks from an uncertain global outlook, growth is expected to be broad-based in the medium term and boosted by the natural resource boom and infrastructure investment. Short-term policy framework. The main short-term challenge is to maintain the growth momentum while preserving fiscal and debt sustainability. The 2014 fiscal stance is expansionary, and fiscal consolidation needs to be initiated in the 2015 budget to restore prudent fiscal management. While low international prices have dampened inflation, the Bank of Mozambique should stay vigilant and adhere to its medium-term inflation target. Key structural reform priorities include improving VAT and overall tax administration, continuing public financial management reforms, strengthening capacity for transparent public investment management and borrowing, and enhancing the business environment and financial sector development. Completion of the LNG contract negotiations is a critical milestone for the launch of this project, one of the largest in sub-Saharan Africa. Medium-term reforms. Fiscal adjustment over the medium term will be essential to preserve debt sustainability and macroeconomic stability. This requires measures to contain current spending pressures while bringing investment to a more sustainable level. Structural reforms focusing on public financial management, monetary policy tools and banking supervision, and business facilitation should be implemented vigorously to sustain growth and render it more inclusive. With foreign aid likely to decline over the medium term, increased borrowing can provide additional resources for improving both Mozambique’s physical infrastructure and human capital. To ensure the efficiency of investment and borrowing, further strengthening of investment planning and implementation, and debt management are essential.
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-12-12 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Executive Board of the IMF has completed the third review under the three-year Policy Support Instrument (PSI) for the Republic of Mozambique. Mozambique continues to weather the global economic turmoil well. Real GDP growth is projected to remain above 7 percent in 2011, benefiting from good harvests, a robust performance in the services sector, and the coming online of new megaprojects in the natural resource sector. The authorities’ economic program under the PSI will continue to emphasize preserving macroeconomic stability and debt sustainability while promoting economic and social development.
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 2015-01-09 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Context and policy challenges. Mozambique’s macroeconomic performance remains robust, with strong growth and low inflation. In spite of the heightened risks from an uncertain global outlook, growth is expected to be broad-based in the medium term and boosted by the natural resource boom and infrastructure investment. Short-term policy framework. The main short-term challenge is to maintain the growth momentum while preserving fiscal and debt sustainability. The 2014 fiscal stance is expansionary, and fiscal consolidation needs to be initiated in the 2015 budget to restore prudent fiscal management. While low international prices have dampened inflation, the Bank of Mozambique should stay vigilant and adhere to its medium-term inflation target. Key structural reform priorities include improving VAT and overall tax administration, continuing public financial management reforms, strengthening capacity for transparent public investment management and borrowing, and enhancing the business environment and financial sector development. Completion of the LNG contract negotiations is a critical milestone for the launch of this project, one of the largest in sub-Saharan Africa. Medium-term reforms. Fiscal adjustment over the medium term will be essential to preserve debt sustainability and macroeconomic stability. This requires measures to contain current spending pressures while bringing investment to a more sustainable level. Structural reforms focusing on public financial management, monetary policy tools and banking supervision, and business facilitation should be implemented vigorously to sustain growth and render it more inclusive. With foreign aid likely to decline over the medium term, increased borrowing can provide additional resources for improving both Mozambique’s physical infrastructure and human capital. To ensure the efficiency of investment and borrowing, further strengthening of investment planning and implementation, and debt management are essential.
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 2015-01-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Context and policy challenges. Mozambique’s macroeconomic performance remains robust, with strong growth and low inflation. In spite of the heightened risks from an uncertain global outlook, growth is expected to be broad-based in the medium term and boosted by the natural resource boom and infrastructure investment. Short-term policy framework. The main short-term challenge is to maintain the growth momentum while preserving fiscal and debt sustainability. The 2014 fiscal stance is expansionary, and fiscal consolidation needs to be initiated in the 2015 budget to restore prudent fiscal management. While low international prices have dampened inflation, the Bank of Mozambique should stay vigilant and adhere to its medium-term inflation target. Key structural reform priorities include improving VAT and overall tax administration, continuing public financial management reforms, strengthening capacity for transparent public investment management and borrowing, and enhancing the business environment and financial sector development. Completion of the LNG contract negotiations is a critical milestone for the launch of this project, one of the largest in sub-Saharan Africa. Medium-term reforms. Fiscal adjustment over the medium term will be essential to preserve debt sustainability and macroeconomic stability. This requires measures to contain current spending pressures while bringing investment to a more sustainable level. Structural reforms focusing on public financial management, monetary policy tools and banking supervision, and business facilitation should be implemented vigorously to sustain growth and render it more inclusive. With foreign aid likely to decline over the medium term, increased borrowing can provide additional resources for improving both Mozambique’s physical infrastructure and human capital. To ensure the efficiency of investment and borrowing, further strengthening of investment planning and implementation, and debt management are essential.
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 First Review Under the Policy Support Instrument written by David Nellor and published by . This book was released on 2008 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 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 International Monetary Fund. This book was released on 2009-12-29 with total page 68 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 Roger Nord and published by . This book was released on 2009 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Mozambique Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria Staff Report Press Release and Statement by the Executive Director for 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 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context and outlook. Mozambique’s macroeconomic outlook remains favorable and the PSI-supported program is broadly on track—all end-2013 assessment criteria were met and the structural reform program is on track. Economic growth is robust and inflation remains low. In spite of risks from the uncertain global outlook, growth is expected to be sustained in the medium term by the natural resource boom and infrastructure investment. Risks associated with the political/security environment moderated in early 2014, with general elections scheduled for mid-October. Short-term policy framework. The main short-term challenges are to maintain the growth momentum while preserving fiscal and debt sustainability. The 2014 fiscal stance is expansionary and inflation developments will need to be monitored closely and the central bank will need to tighten if inflation rises significantly. Key structural reform priorities include improving VAT and overall tax administration, continuing public financial management reforms, strengthening capacity for transparent public investment management and borrowing, and enhancing financial sector development. Medium-term challenges. Fiscal policy adjustment in 2015 and over the medium term will be essential to preserve debt sustainability and macroeconomic stability. Structural reforms focusing on public financial management, monetary policy tools and banking supervision, and business facilitation should be implemented vigorously to sustain growth and render it more inclusive. With foreign aid likely to decline over the medium term, increased nonconcessional borrowing can provide additional resources for improving both Mozambique’s physical infrastructure and human capital. Further strengthening of investment planning and implementation, and debt management are essential to ensure the efficiency of investment and borrowing. Completion of the new mining and hydrocarbon legislation, the related fiscal regimes, and implementing regulations would facilitate the development of Mozambique’s natural resources.
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 2014-05-29 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 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.
