Republic of Mozambique: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion;
Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique
Volume/Issue:
Volume 2006
Issue 046
Publication date: February 2006
ISBN: 9781451827262
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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , authority , Hidroelétrica de Cahora Bassa , Mozambique economy , exchange rate , PRGF loan , metical bank notes , authorities Five-Year plan , foreign exchange system , Total expenditures , Imports , Southern Africa , Africa , Global
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Summary
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.
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