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.

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Year of publication:	2008-07-08
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Policy Support Instrument \| Announcements \| Economic conditions \| Economic reforms \| banking \| external debt \| central bank \| foreign exchange \| current account \| debt service \| public debt \| internal audit \| banking system \| external debt service \| external financing \| banking sector \| balance of payments \| macroeconomic stability \| savings account \| domestic financing \| reserve assets \| debt service payments \| external payments \| external payments arrears \| decentralization \| present value \| external public debt \| debt outstanding \| current expenditure \| foreign debt \| bank law \| bilateral creditors \| reserve requirement \| bank deposits \| capital expenditure \| internal control \| excess liquidity \| debt sustainability \| monetary authority \| foreign aid \| public external debt \| government debt \| bank transfer \| capital adequacy \| current account balance \| recapitalization \| loan disbursements \| banking supervision \| domestic currency \| bank restructuring \| interbank market \| direct financing \| management information system \| return on equity \| bank account \| bank financing \| external liability \| budget law \| bank credits \| reserve management \| debt rescheduling \| amortization payments \| international reserve \| public sector debt \| interbank money market \| debt sustainability analyses \| liquidity ratio \| capital adequacy ratio \| reserve accumulation \| total external debt \| domestic savings \| domestic debt \| debt database \| bank recapitalization \| multilateral creditors \| bank operations \| return on assets \| private creditors \| prudential regulation \| banking information \| debt relief \| debt sustainability analysis \| banks ? balance sheets \| current account deficit \| bank loans

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/220 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243507