Mozambique Country Economic Memorandum : Growth Prospects and Reform Agenda
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC
Resumen
Descripción
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.
Palabras clave
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