Republic of Mozambique.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 09/227Publication details: Washington, D.C. : International Monetary Fund, 2009Description: 1 online resource (80 p.)ISBN: 1451827385 :ISSN: 1934-7685Subject(s): Access To Fund General Resources | Announcements | Article IV Consultation Reports | Economic Growth | Economic Indicators | Exogenous Shocks FacilityAdditional physical formats: Print Version:: Republic of MozambiqueOnline resources: IMF e-Library | IMF Book Store Abstract: This 2009 Article IV Consultation highlights that against a backdrop of a highly uncertain global economic environment, Mozambique's macroeconomic prospects remain positive, but have weakened. The scope for supportive macroeconomic policies to offset the impact of the global economic slowdown is curtailed by the large projected decline in external reserves. Executive Directors have welcomed Mozambique's continued strong macroeconomic performance in 2008. Directors have also commended the authorities' flexible policy response to higher fuel and food import prices, which has helped to mitigate the impact of these shocks.
This 2009 Article IV Consultation highlights that against a backdrop of a highly uncertain global economic environment, Mozambique's macroeconomic prospects remain positive, but have weakened. The scope for supportive macroeconomic policies to offset the impact of the global economic slowdown is curtailed by the large projected decline in external reserves. Executive Directors have welcomed Mozambique's continued strong macroeconomic performance in 2008. Directors have also commended the authorities' flexible policy response to higher fuel and food import prices, which has helped to mitigate the impact of these shocks.
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