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Republic of Mozambique :, Second Review Under the Policy Support Instrument and Request for Waiver of Nonobservance of Assessment Criteria; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique

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
Table Of Contents
Cover; Contents; Executive Summary; I. The Economy in 2007 Remains Resilient; A. Economy Resilient to Climatic and External Price Shocks; Figure 1: Recent Economic Developments, 2005-07; B. Structural Reform Momentum Maintained; II. Macroeconomic Policies in 2008; A. Maintaining Prudent Macroeconomic Policies; B. Strengthening Policy Operations; C. Implementing Second-Wave Reforms; III. Program Monitoring; IV. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2006-11; 2. Government Finances, 2006-11; 3. Monetary Survey, 2006-11; 4. Balance of Payments, 2006-11
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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