European Parliament Library

Malawi :, First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criterion, and Modification of Performance Criteria—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi

This collection of papers reviews Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF). Drought conditions in parts of the country have dampened the near-term outlook for growth and have resulted in food insecurity for nearly 2 million inhabitants. The authorities have therefore implemented strong adjustment measures to address Malawi’s substantial external and internal imbalances. The IMF Executive Board has also decided to enable the immediate disbursement of an amount equivalent to SDR 13.02 million (about US$20 million), bringing total disbursements under the program to an amount equivalent to SDR 26.04 million (about US$40.1 million), which will help Malawi to accelerate growth under the ECF
Table Of Contents
Cover; Contents; Executive Summary; I. Sustaining Reforms in the Face of Adjustment Pains; II. Recent Economic Developments; III. Policy Discussions; A. Exchange Rate Policy; B. Monetary Policy and Financial Sector Issues; C. Fiscal Policy; D. Business Climate and International Competitiveness; IV. Program Issues; V. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2009-15; 2a. Central Government Operations, 2009/10-2014/15 (Billions of Kwacha); 2b. Central Government Operations, 2009/10-2014/15 (Percent of GDP); 2c. Central Government Operations, 2012/2013 (Millions of Kwacha)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (90 p.)
Specific Material Designation
Form Of Item

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