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Mozambique: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria - Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique
Summary:The economic outlook remains positive. Growth is expected to reach 7 percent in 2015 and inflation to remain low. Substantial policy adjustment is underway to respond to slippages around the elections and new balance of payment pressures from low commodity prices. Fiscal adjustment, greater exchange rate flexibility and stronger liquidity management are essential to preserve macroeconomic stability and continue to attract foreign investment to support growth, including in the oil and gas sector where projected investments could reach $100 billion over the next decade.
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