Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis

Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513572970
Category : Business & Economics
Languages : en
Pages : 16

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Book Description
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 in small-open economies, and by performing monetary policy analyses based on BM’s quarterly projection model (QPM) in the afternoons.

Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis

Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513572970
Category : Business & Economics
Languages : en
Pages : 16

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Book Description
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 in small-open economies, and by performing monetary policy analyses based on BM’s quarterly projection model (QPM) in the afternoons.

Republic of Mozambique

Republic of Mozambique PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
The report contributes to the Mozambican authorities on options for rationalizing wage bill spending.

Republic of Mozambique: Third Review Under the Policy Support Instrument-Staff Report and Press Release

Republic of Mozambique: Third Review Under the Policy Support Instrument-Staff Report and Press Release PDF Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484343166
Category : Business & Economics
Languages : pt-BR
Pages : 56

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Book Description
Context and policy challenges. Mozambique’s macroeconomic performance remains robust, with strong growth and low inflation. In spite of the heightened risks from an uncertain global outlook, growth is expected to be broad-based in the medium term and boosted by the natural resource boom and infrastructure investment. Short-term policy framework. The main short-term challenge is to maintain the growth momentum while preserving fiscal and debt sustainability. The 2014 fiscal stance is expansionary, and fiscal consolidation needs to be initiated in the 2015 budget to restore prudent fiscal management. While low international prices have dampened inflation, the Bank of Mozambique should stay vigilant and adhere to its medium-term inflation target. Key structural reform priorities include improving VAT and overall tax administration, continuing public financial management reforms, strengthening capacity for transparent public investment management and borrowing, and enhancing the business environment and financial sector development. Completion of the LNG contract negotiations is a critical milestone for the launch of this project, one of the largest in sub-Saharan Africa. Medium-term reforms. Fiscal adjustment over the medium term will be essential to preserve debt sustainability and macroeconomic stability. This requires measures to contain current spending pressures while bringing investment to a more sustainable level. Structural reforms focusing on public financial management, monetary policy tools and banking supervision, and business facilitation should be implemented vigorously to sustain growth and render it more inclusive. With foreign aid likely to decline over the medium term, increased borrowing can provide additional resources for improving both Mozambique’s physical infrastructure and human capital. To ensure the efficiency of investment and borrowing, further strengthening of investment planning and implementation, and debt management are essential.

Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Release

Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Release PDF Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484390466
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This paper discusses Mozambique’s First Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Mozambique’s macroeconomic outlook remains favorable and the PSI-supported program is broadly on track. All assessment criteria were met and most indicative targets, but there was some slippage on structural reforms. Economic growth is robust and inflation remains moderate. In spite of risks stemming from the uncertain global economy, growth is expected to be sustained in the medium term by the natural resource boom and infrastructure investment. Structural reforms along a broad policy spectrum should be implemented vigorously to foster sustained and more inclusive growth.

Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 65

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Book Description
The report assesses the implementation of SISTAFE (Public Sector Financial Management System) and respective action plan and discusses with the Mozambican authorities the effectiveness of the ongoing public financial management reforms.

Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451827350
Category : Business & Economics
Languages : en
Pages : 67

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Book Description
This paper presents the staff report on the Republic of Mozambique’s Third Review under the policy support instrument. Mozambique is vulnerable to the global financial crisis and economic slowdown. Lower import prices will help reduce inflation and likely benefit the trade balance. Lower export volumes and reduced private capital inflows are expected to reduce economic growth. The turbulence could also spread to the financial system despite its limited integration into global financial markets. The government is focusing on strengthening policy operations, giving special attention to the tax system and public financial management.

Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
The report takes stock of workflows and processes in budget execution in Mozambique and contributes to the authorities in improving their control over the execution of the budget.

Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 19

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Book Description
The report aims at contributing to defining operational and concrete improvements to the structure and content of the statement of fiscal risks.

Republic of Mozambique

Republic of Mozambique PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 43

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Book Description
This technical assistance (TA) mission on Government Finance Statistics (GFS) was conducted during April 18-29, 2016. The main purpose of the mission was to identify the sources of statistical discrepancies and provide further support to strengthen the compilation and dissemination of GFS in line with international standards set out in the Government Finance Statistics Manual 2014 (GFSM 2014).