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Mozambique - Third Economic Recovery Credit Project (Inglês)

The Third Economic Recovery Credit Project is the fifth International Development Association (IDA) adjustment credit to Mozambique supporting the reform agenda outlined in the Policy Framework Paper for 1996-98 and the Bank's Country Assistance Strategy for Mozambique (CAS). The principal objective of the Credit Project is to continue supporting macroeconomic stabilization and to remove key impediments to sustainable growth. Main reforms include the privatization of the two state-owned banks, rationalization of the tariff and indirect tax regime, budget management reform, liberalization of the cashew market, and private concessioning of the operations of Caminhos de Ferro de Mocambique (CFM) -national system of ports and railways.

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