02345cas a2200241 a 4500 AALejournalIMF019337 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498315531 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Republic of Mozambique : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (57 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Republic of Mozambique's Request for Disbursement under the Rapid Credit Facility (RCF). Reflecting the large budgetary and external financing gaps arising from emergency assistance and reconstruction needs, the authorities are seeking financial assistance under the RCF exogenous shock window. The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai, which caused significant loss of life and infrastructure damage. The authorities remain committed to macroeconomic stability, which will also be underpinned by the IMF's financing. The authorities are reallocating lower priority spending to emergency assistance, however, their room for manoeuvre is limited and the bulk of emergency assistance and reconstruction needs will have to be covered by the international community mostly in the form of grants to ensure debt sustainability. The authorities shared staff's main policy recommendations, namely increasing the economy's resilience and preparedness to adverse weather events that are becoming more frequent and intense due to climate change. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/136 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/136/002.2019.issue-136-en.xml IMF e-Library