The strong macroeconomic performance and the implementation of prudent fiscal and monetary policies and a flexible exchange rate regime have helped Mozambique to perform well under the Policy Support Instrument (PSI). Executive Directors advised to maintain macroeconomic stability and accelerate structural reforms to sustain rapid growth. Directors stressed the need for fiscal transparency and adopting regulations to the Mining and Petroleum Fiscal Regime laws. Directors appreciated the principles of the Extractive Industries Transparency Initiative, welcomed its monetary policy stance, and encouraged authorities to embark on revenue efforts to achieve the MDGs.... of the euroa#39;s appreciation against the U.S. dollar). Priority public investments will increase significantly as a result (Table 6).5 Expenditures cover costs related to upcoming municipal elections, the hiring of 12, 000 teachers and 5, 000 healthanbsp;...
|Title||:||Republic of Mozambique|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2008-01-14|