Mozambique: Macroeconomic Performance and Critical Development Issues

Presents the results of an analytical review of the Mozambican economy based on the scattered evidence available at the time of writing. In this regard, a recently published set of national accounts data, covering the period up to 1993, is drawn upon. However, the objective is not to reach a final position on whetheradjustment has worked or not. Rather, the issues to be addressed are (i) to find out what can be said about the macroeconomic performance of Mozambique over the past decade in light of the events that led to the Economic Recovery Programme (ERP) and the actual reform policies pursued, and in turn (ii) to identify on this basis some of the more critical macroeconomic problems facing the Mozambican government in the short to medium-term. [author's abstract]