The launch of the Mozambique Country Partnership Strategy (CPS) for FY12-15 comes at a momentous period in the country's impressive post-conflict journey; one which many analysts suggest has propelled the nation to a unique point of inflection. The optimism that accompanied the previous CPS for FY08-11, after two decades of growth and poverty reduction, has been replaced by sober but purposeful deliberation over Mozambique's path to development. Since the end of the two-decade long civil war in 1992, Mozambique has had to play catch up with the rest of the world. Macroeconomic stability, structural reforms, and reconstruction drove post-conflict growth which has been sustained over the past decade by enclave mega-projects in mining and energy production. The CPS Completion Report (CR) identified the following lessons: (a) an appropriate program of analytic work to underpin Bank programs and projects is needed to inform public debate on key development issues, including the entry points for economic transformation; (b) the CPS should be a living document and updated and monitored at mid-term with updated monitoring indicators; (c) Bank lending instruments should be chosen and sequenced more strategically to address sectoral bottlenecks and implementation capacity constraints; and (d) staffing and management vacancies affected the overall program delivery and results, and should have been addressed more expeditiously