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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2006. "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 Criteri," IMF Staff Country Reports 2006/254, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2006/254
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