The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting (IT) central bank. During the September visit, the mission provided capacity building through daily morning seminars, giving an introduction to modern theory of monetary policy...

Regional trade arrangements have recently attracted growing interest, as existing schemes are either being extended or revived and new groupings are being formed. This study reviews recent initiatives and the experience with regional integration in industrial and developing countries and...

Introduction and overview Jean A.P. Clément -- Sustaining growth takeoffs : lessons from Mozambique Jean A.P. Clément and Shanaka J. Peiris -- Halving the poverty rate by 2015 Louise Fox, Rui Benfica, and Melissa Sekkel -- Sustaining growth in the long term Sam Jones -- Monetary and financial...

This Selected Issues paper examines the macroeconomic and fiscal implications of natural gas project for Mozambique. Results, which are based on the IMF Fiscal Analysis of Resource Industries model, suggest that, by the mid-2020s, half of the country's output will be generated by natural gas....