Republic of Mozambique: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 288

Publication date: September 2003

ISBN: 9781451827187

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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , PRGF arrangement , PRGF loan , GDP , PRGF-supported program , growth objective , sound debt management policy , Poverty reduction strategy , Debt relief , Africa

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Republic of Congo : 2001 Article IV

Summary

Mozambique's economic program was originally supported by a three-year arrangement under the Enhanced Structural Adjustment Facility (ESAF). The Mozambican authorities are to be commended for a continued satisfactory performance under their Poverty Reduction Growth Facility (PRGF)-supported program. When the IMF program completed the fifth review, the Executive Board welcomed the important measures that the authorities have taken to strengthen government revenue, including the adoption of new tax codes and the increase in fuel taxes to correct the erosion from past inflation.