Poverty Reduction Support Credits : Mozambique Country Study

Mozambique acquired independence from Portugal in 1975. The new government adopted a policy of radical social change, with a command and control approach to economic management and a vast nationalization program. By the mid-1980s, the country was bankrupt, and the government turned to the International Monetary Fund (IMF) and the World Bank to help transform it into a market economy. Since the early 1990s, Mozambique's Gross Domestic Product (GDP) growth rate has been above 7 percent in all but two years and has averaged 7.8 percent. Over the same period, inflation has trended broadly downwards from 63 percent in 1994 to 8 percent in 2007. On the savings and investment front, gross investment has averaged 26.4 percent, while domestic savings has been 8.2 percent, the difference being made up for with foreign savings. Fiscal policy has generally been well managed, with deficits financed by external assistance. The government managed to protect the 65 percent of primary expenditures going to priority sectors. Public investment declined as a percentage of GDP, as did private investment. Revenue collection improved. Exports grew from 10.2 percent of GDP in 1991 to 38 percent in 2006. Over this period, a flexible exchange rate policy has been followed. The national poverty rate was 69.4 percent in 1996-1997 and 54.1 percent in 2003. Mozambique obtained considerable fast disbursing assistance from the World Bank in the period 1984-2002.

Bibliographic Details

Main Author:	Horton, Brendan
Format:	Working Paper biblioteca
Language:	English en_US
Published:	Washington, DC: World Bank 2010-09
Subjects:	ACCESS TO SAFE WATER, ACCOUNTABILITY, ACCOUNTABILITY FRAMEWORK, ACCOUNTING STANDARDS, ADJUSTMENT LENDING, ALLOCATION, ALLOCATION OF RESOURCES, ANNUAL BUDGET, ANNUAL COMMITMENT, ANNUAL PERFORMANCE, ANNUAL REPORT, ANNUAL REVIEWS, ANNUAL TRANCHE, ASSESSMENT OF PERFORMANCE, AUDITING, BALANCE OF PAYMENTS, BANK PRIVATIZATION, BANKING SECTOR, BUDGET CLASSIFICATION, BUDGET CLASSIFICATION SYSTEM, BUDGET CYCLE, BUDGET DATA, BUDGET EXECUTION, BUDGET FORMULATION, BUDGET LAW, BUDGET PLANNING, BUDGET PREPARATION, BUDGET PREPARATION CYCLE, BUDGET PROPOSALS, BUDGET REQUIREMENTS, BUDGET SUPPORT OPERATIONS, BUDGET YEAR, BUDGETARY PROCESS, CAPACITY BUILDING, CASH MANAGEMENT, CIVIL SERVANTS, CIVIL SERVICE, CIVIL SERVICE REFORM, COMMERCIAL BANKS, CONDITIONALITIES, CONDITIONALITY, CONSOLIDATION, CONSTRAINTS TO GROWTH, COST EFFECTIVENESS, COUNTRY PROCUREMENT, COUNTRY PROCUREMENT ASSESSMENT, DEBT, DEBT RELIEF, DECENTRALIZATION, DECENTRALIZATION STRATEGY, DEFICITS, DIAGNOSTIC WORK, DOMESTIC INVESTMENT, DOMESTIC SAVINGS, DONOR COLLABORATION, DONOR COORDINATION, DONOR FINANCING, ECONOMIC DOWNTURN, ECONOMIC GROWTH, ECONOMIC RECOVERY, EMPLOYMENT, EXCHANGE RATE, EXPENDITURE, EXPENDITURE GROWTH, EXPENDITURE ISSUES, EXPENDITURE LEVELS, EXPENDITURE MANAGEMENT, EXPENDITURE PROGRAMS, EXPENDITURES, EXTERNAL ASSISTANCE, EXTERNAL AUDIT, EXTERNAL AUDITS, EXTERNAL GRANTS, FINANCIAL ACCOUNTABILITY, FINANCIAL ACTIVITIES, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT INFORMATION, FINANCIAL MANAGEMENT INFORMATION SYSTEM, FINANCIAL PLANNING, FINANCIAL SECTOR, FINANCIAL SECTORS, FINANCIAL SUPPORT, FINANCIAL TERMS, FISCAL ADJUSTMENT, FISCAL DEFICIT, FISCAL FRAMEWORK, FISCAL POLICY, FISCAL SUSTAINABILITY, GENERAL BUDGET SUPPORT, GOVERNMENT BUDGET, GOVERNMENT REFORM, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, GROWTH RATE, HEALTH OUTCOMES, HEALTH SECTOR, HUMAN RESOURCE MANAGEMENT, IMPROVING BUDGET EXECUTION, INFLATION, INSTITUTIONAL DEVELOPMENT, INTERNAL AUDITS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL AUDITING STANDARDS, INVENTORY, INVESTMENT SPENDING, LEGISLATION, MACROECONOMIC FRAMEWORK, MACROECONOMIC MANAGEMENT, MACROECONOMIC STABILITY, MARKET ECONOMY, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORK, MID-TERM REVIEW, MINISTRIES OF FINANCE, MINISTRY OF FINANCE, MONITOR PERFORMANCE, NATIONAL BUDGET, NATIONAL DEVELOPMENT, NATIONAL DEVELOPMENT PLAN, NATURAL RESOURCES, OUTCOME INDICATORS, PERFORMANCE ASSESSMENT, PERFORMANCE CRITERIA, PERFORMANCE INDICATORS, PERFORMANCE REVIEW, POLICY FORMULATION, POVERTY IMPACT, POVERTY REDUCING, POVERTY REDUCTION, POVERTY REDUCTION STRATEGIES, POVERTY REDUCTION STRATEGY, POVERTY REDUCTION SUPPORT, POVERTY REDUCTION TARGETS, PRIVATE INVESTMENT, PRIVATE SECTOR, PRODUCTIVITY, PROGRAM BUDGETING, PROGRAM BUDGETS, PROGRAM PERFORMANCE, PROGRAMS, PUBLIC ADMINISTRATION, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURE TRACKING, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCIAL MANAGEMENT, PUBLIC FINANCIAL MANAGEMENT SYSTEM, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC HEALTH, PUBLIC HEALTH CARE, PUBLIC INVESTMENT, PUBLIC PRIVATE PARTNERSHIPS, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SECTOR ACCOUNTABILITY, PUBLIC SECTOR ACCOUNTING, PUBLIC SECTOR MANAGEMENT, PUBLIC SECTOR REFORM, PUBLIC SERVICE, REFORM EFFORTS, REFORM PROGRAM, REFORM PROJECT, REFORM STRATEGY, RESOURCE AVAILABILITY, RESOURCE FLOWS, RESOURCE MANAGEMENT, REVENUE MOBILIZATION, ROAD NETWORK, SANITATION, SECTOR MINISTRIES, SECTOR POLICY, SERVICE DELIVERY, SERVICE PROVISION, SERVICE QUALITY, SOCIAL INDICATORS, STRATEGIC PRIORITIES, STRUCTURAL ADJUSTMENT, STRUCTURAL REFORM, STRUCTURAL REFORMS, TAX DISTORTIONS, TAX REFORM, TAX SYSTEM, TECHNICAL ASSISTANCE, TOTAL EXPENDITURES, TRANSACTION COSTS, TRANSPARENCY, TRANSPORT, TRUST FUNDS,
Online Access:	http://documents.worldbank.org/curated/en/839251468057316561/Poverty-reduction-support-credits-Mozambique-country-study http://hdl.handle.net/10986/27916
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