Cover IMF Staff Country Reports
Republic of Mozambique: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2019: Issue 166
Language:
English
Publication Date:
18 Jun 2019
DOI:
https://doi.org/10.5089/9781498319997.002
ISBN:
9781498319997
ISSN:
1934-7685
Pages:
66
Keywords:
ISCR; CR; monetary policy; Executive Board assessment; supply shock; director; reconstruction financing; authorities' reform effort; financial support; commodity price volatility; monetary policy framework; Government debt management; Fiscal risks; Global; Southern Africa; Africa
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Mozambique’s economic situation had been improving until Tropical Cyclone Idai and Kenneth hit the country in March and April, respectively. Economic growth was recovering gradually and becoming broader based, and inflation reached low single digits. Economic activity is expected to decelerate sharply in 2019 due to the supply shock to productive capacity, but it should rebound to pre-cyclone levels by 2020. In April, the IMF Executive Board approved US$118 million in emergency assistance under the Rapid Credit Facility (RCF). The authorities are committed to macroeconomic stability while fostering inclusive growth and addressing governance challenges.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2019: Issue 166