Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda
This Country Economic Memorandum reviews the significant changes Mozambique underwent in the last five years, specifying that to continue its rapid growth, and reduce its high levels of poverty, the country will need to adopt a new set of reforms....
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| Format: | Pre-2003 Economic or Sector Report |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1000570/mozambique-country-economic-memorandum-growth-prospects-reform-agenda http://hdl.handle.net/10986/15710 |
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okr-10986-15710 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ABSOLUTE POVERTY ACCOUNTING ADMINISTRATIVE BARRIERS ADMINISTRATIVE PROCEDURES AGRICULTURAL GROWTH AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ALLOCATIVE EFFICIENCY AVERAGE INCOME BASIC EDUCATION BLOCK GRANTS BUDGET EXECUTION BUDGET PROCESS BUREAUCRACY BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL ACCOUNTS CENTRAL BANK CENTRAL PLANNING CIVIL WAR COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATE COMPETITIVENESS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORRUPTION CPI CULTIVABLE LAND DEBT DEBT RELIEF DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT REPORT DIRECT INVESTMENT DIVERSIFICATION DONOR AID ECONOMIC ACTIVITY ECONOMIC AFFAIRS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIC REFORMS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURES EXPORT TAXES EXPORTS EXTERNAL IMBALANCES EXTERNAL TRADE FINANCIAL SECTOR FISHERIES FOREIGN EXCHANGE FOREST MANAGEMENT GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT IMPROVING INFRASTRUCTURE INCOME INCREASE GROWTH INFLATION INFLATION RATE INSTITUTIONAL CHANGE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE JUDICIAL REFORM LABOR MARKET LAND USE LEGISLATION LITERACY RATES LIVING STANDARDS LONG RUN MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMICS MARKET PRICES MEDIUM TERM MONETARY POLICY MUNICIPALITIES NATURAL RESOURCES OUTPUT GROWTH OVERHEAD COSTS PER CAPITA INCOMES POLITICAL STABILITY POOR COUNTRIES POPULATION GROWTH PORTS POVERTY REDUCTION PRESENT VALUE PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCERS PRODUCTIVE ASSETS PRODUCTIVITY PROPERTY RIGHTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC SECTOR PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REDUCED POVERTY REDUCING POVERTY RESOURCE USE ROADS RURAL AREAS SECTOR ACTIVITIES SECTOR ACTIVITY SERVICE DELIVERY SIGNIFICANT FACTOR SKILLED LABOR SMALLHOLDER AGRICULTURE SOCIAL DEVELOPMENT SURCHARGES TAX TAX BASE TAX INCENTIVES TAX RATES TAX REGIME TAX REVENUES TAX SYSTEM TAXATION TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TOTAL COSTS TRADE REGIME TRADE TAXES TRANSACTION COSTS TRANSPARENCY VALUE ADDED WAGES COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH MACROECONOMIC STABILITY ECONOMIC REFORM EXTERNAL FINANCE POVERTY REDUCTION REFORM POLICY AGRICULTURAL PRODUCTIVITY LABOR INTENSIVE INDUSTRIES ABSOLUTE POVERTY RURAL AREAS INFRASTRUCTURE TELECOMMUNICATIONS EDUCATION SECTOR HEALTH DELIVERY SOCIAL ASSISTANCE PROGRAMS MACROECONOMIC ADJUSTMENT FISCAL DEFICITS TAX REVENUES PUBLIC SPENDING DEVELOPMENT ASSISTANCE TRADE FACILITATION TRADE BARRIERS FOOD SECURITY PRODUCTIVITY POLICY PRIVATE SECTOR DEVELOPMENT HUMAN RESOURCES DEVELOPMENT SECTORAL PLANNING NATURAL RESOURCES DEVELOPMENT ENVIRONMENTAL CRITERIA |
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ABSOLUTE POVERTY ACCOUNTING ADMINISTRATIVE BARRIERS ADMINISTRATIVE PROCEDURES AGRICULTURAL GROWTH AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ALLOCATIVE EFFICIENCY AVERAGE INCOME BASIC EDUCATION BLOCK GRANTS BUDGET EXECUTION BUDGET PROCESS BUREAUCRACY BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL ACCOUNTS CENTRAL BANK CENTRAL PLANNING CIVIL WAR COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATE COMPETITIVENESS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORRUPTION CPI CULTIVABLE LAND DEBT DEBT RELIEF DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT REPORT DIRECT INVESTMENT DIVERSIFICATION DONOR AID ECONOMIC ACTIVITY ECONOMIC AFFAIRS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIC REFORMS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURES EXPORT TAXES EXPORTS EXTERNAL IMBALANCES EXTERNAL TRADE FINANCIAL SECTOR FISHERIES FOREIGN EXCHANGE FOREST MANAGEMENT GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT IMPROVING INFRASTRUCTURE INCOME INCREASE GROWTH INFLATION INFLATION RATE INSTITUTIONAL CHANGE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE JUDICIAL REFORM LABOR MARKET LAND USE LEGISLATION LITERACY RATES LIVING STANDARDS LONG RUN MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMICS MARKET PRICES MEDIUM TERM MONETARY POLICY MUNICIPALITIES NATURAL RESOURCES OUTPUT GROWTH OVERHEAD COSTS PER CAPITA INCOMES POLITICAL STABILITY POOR COUNTRIES POPULATION GROWTH PORTS POVERTY REDUCTION PRESENT VALUE PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCERS PRODUCTIVE ASSETS PRODUCTIVITY PROPERTY RIGHTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC SECTOR PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REDUCED POVERTY REDUCING POVERTY RESOURCE USE ROADS RURAL AREAS SECTOR ACTIVITIES SECTOR ACTIVITY SERVICE DELIVERY SIGNIFICANT FACTOR SKILLED LABOR SMALLHOLDER AGRICULTURE SOCIAL DEVELOPMENT SURCHARGES TAX TAX BASE TAX INCENTIVES TAX RATES TAX REGIME TAX REVENUES TAX SYSTEM TAXATION TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TOTAL COSTS TRADE REGIME TRADE TAXES TRANSACTION COSTS TRANSPARENCY VALUE ADDED WAGES COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH MACROECONOMIC STABILITY ECONOMIC REFORM EXTERNAL FINANCE POVERTY REDUCTION REFORM POLICY AGRICULTURAL PRODUCTIVITY LABOR INTENSIVE INDUSTRIES ABSOLUTE POVERTY RURAL AREAS INFRASTRUCTURE TELECOMMUNICATIONS EDUCATION SECTOR HEALTH DELIVERY SOCIAL ASSISTANCE PROGRAMS MACROECONOMIC ADJUSTMENT FISCAL DEFICITS TAX REVENUES PUBLIC SPENDING DEVELOPMENT ASSISTANCE TRADE FACILITATION TRADE BARRIERS FOOD SECURITY PRODUCTIVITY POLICY PRIVATE SECTOR DEVELOPMENT HUMAN RESOURCES DEVELOPMENT SECTORAL PLANNING NATURAL RESOURCES DEVELOPMENT ENVIRONMENTAL CRITERIA World Bank Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| geographic_facet |
Africa Mozambique |
| description |
This Country Economic Memorandum reviews
the significant changes Mozambique underwent in the last
five years, specifying that to continue its rapid growth,
and reduce its high levels of poverty, the country will need
to adopt a new set of reforms. Such reforms, focused on
increasing the profitability of agriculture, and promoting
labor-intensive manufacturing activities, hold the best hope
to move poverty into prosperity. Three factors - increased
political stability, deep economic reforms, and foreign
assistance - contributed to the positive developments. But
the country still faces absolute poverty, particularly in
rural areas, where infrastructure, and communications are
lacking, aggravated by high illiteracy, and low life
expectancy rates. Strengthening the macroeconomic
environment will require a reform agenda, reducing the
fiscal deficit by increasing tax revenues, while improving
public spending. Moreover, the country's external
position continues to be vulnerable, thus the external
balance needs to be strengthened. Therefore, infrastructure
recovery, namely roads, would facilitate rural trade, as
will alternative mechanisms not based on trade restrictions,
to address food security concerns, and promote improvements
in productivity. Strategic actions to prod private sector
development, and increase flexibility in the labor market
should be decisive, to enhance as well education, and health. |
| format |
Economic & Sector Work :: Pre-2003 Economic or Sector Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| title_short |
Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| title_full |
Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| title_fullStr |
Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| title_full_unstemmed |
Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda |
| title_sort |
mozambique country economic memorandum : growth prospects and reform agenda |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/02/1000570/mozambique-country-economic-memorandum-growth-prospects-reform-agenda http://hdl.handle.net/10986/15710 |
| _version_ |
1764426448003661824 |
| spelling |
okr-10986-157102021-04-23T14:03:13Z Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda World Bank ABSOLUTE POVERTY ACCOUNTING ADMINISTRATIVE BARRIERS ADMINISTRATIVE PROCEDURES AGRICULTURAL GROWTH AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ALLOCATIVE EFFICIENCY AVERAGE INCOME BASIC EDUCATION BLOCK GRANTS BUDGET EXECUTION BUDGET PROCESS BUREAUCRACY BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL ACCOUNTS CENTRAL BANK CENTRAL PLANNING CIVIL WAR COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATE COMPETITIVENESS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORRUPTION CPI CULTIVABLE LAND DEBT DEBT RELIEF DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT REPORT DIRECT INVESTMENT DIVERSIFICATION DONOR AID ECONOMIC ACTIVITY ECONOMIC AFFAIRS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM ECONOMIC REFORMS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURES EXPORT TAXES EXPORTS EXTERNAL IMBALANCES EXTERNAL TRADE FINANCIAL SECTOR FISHERIES FOREIGN EXCHANGE FOREST MANAGEMENT GDP GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT IMPROVING INFRASTRUCTURE INCOME INCREASE GROWTH INFLATION INFLATION RATE INSTITUTIONAL CHANGE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE JUDICIAL REFORM LABOR MARKET LAND USE LEGISLATION LITERACY RATES LIVING STANDARDS LONG RUN MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMICS MARKET PRICES MEDIUM TERM MONETARY POLICY MUNICIPALITIES NATURAL RESOURCES OUTPUT GROWTH OVERHEAD COSTS PER CAPITA INCOMES POLITICAL STABILITY POOR COUNTRIES POPULATION GROWTH PORTS POVERTY REDUCTION PRESENT VALUE PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCERS PRODUCTIVE ASSETS PRODUCTIVITY PROPERTY RIGHTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC SECTOR PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REDUCED POVERTY REDUCING POVERTY RESOURCE USE ROADS RURAL AREAS SECTOR ACTIVITIES SECTOR ACTIVITY SERVICE DELIVERY SIGNIFICANT FACTOR SKILLED LABOR SMALLHOLDER AGRICULTURE SOCIAL DEVELOPMENT SURCHARGES TAX TAX BASE TAX INCENTIVES TAX RATES TAX REGIME TAX REVENUES TAX SYSTEM TAXATION TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TOTAL COSTS TRADE REGIME TRADE TAXES TRANSACTION COSTS TRANSPARENCY VALUE ADDED WAGES COUNTRY ECONOMIC & SECTOR WORK ECONOMIC GROWTH MACROECONOMIC STABILITY ECONOMIC REFORM EXTERNAL FINANCE POVERTY REDUCTION REFORM POLICY AGRICULTURAL PRODUCTIVITY LABOR INTENSIVE INDUSTRIES ABSOLUTE POVERTY RURAL AREAS INFRASTRUCTURE TELECOMMUNICATIONS EDUCATION SECTOR HEALTH DELIVERY SOCIAL ASSISTANCE PROGRAMS MACROECONOMIC ADJUSTMENT FISCAL DEFICITS TAX REVENUES PUBLIC SPENDING DEVELOPMENT ASSISTANCE TRADE FACILITATION TRADE BARRIERS FOOD SECURITY PRODUCTIVITY POLICY PRIVATE SECTOR DEVELOPMENT HUMAN RESOURCES DEVELOPMENT SECTORAL PLANNING NATURAL RESOURCES DEVELOPMENT ENVIRONMENTAL CRITERIA This Country Economic Memorandum reviews the significant changes Mozambique underwent in the last five years, specifying that to continue its rapid growth, and reduce its high levels of poverty, the country will need to adopt a new set of reforms. Such reforms, focused on increasing the profitability of agriculture, and promoting labor-intensive manufacturing activities, hold the best hope to move poverty into prosperity. Three factors - increased political stability, deep economic reforms, and foreign assistance - contributed to the positive developments. But the country still faces absolute poverty, particularly in rural areas, where infrastructure, and communications are lacking, aggravated by high illiteracy, and low life expectancy rates. Strengthening the macroeconomic environment will require a reform agenda, reducing the fiscal deficit by increasing tax revenues, while improving public spending. Moreover, the country's external position continues to be vulnerable, thus the external balance needs to be strengthened. Therefore, infrastructure recovery, namely roads, would facilitate rural trade, as will alternative mechanisms not based on trade restrictions, to address food security concerns, and promote improvements in productivity. Strategic actions to prod private sector development, and increase flexibility in the labor market should be decisive, to enhance as well education, and health. 2013-09-09T19:15:43Z 2013-09-09T19:15:43Z 2001-02-07 http://documents.worldbank.org/curated/en/2001/02/1000570/mozambique-country-economic-memorandum-growth-prospects-reform-agenda http://hdl.handle.net/10986/15710 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Pre-2003 Economic or Sector Report Economic & Sector Work Africa Mozambique |