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Cover IMF Staff Country Reports
Mali: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report
International Monetary Fund. African Dept.
The COVID-19 pandemic and the August 2020 coup d’état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in external demand, travel, and FDI, as well as the impact of uncertainty and reduced mobility on domestic demand) and of post-coup disruptions in trade, transport, economic and financial flows following the sanctions imposed by the Economic Community of West African States (ECOWAS). Inflation accelerated slightly in recent months but is expected to remain below 2 percent, while the current account deficit is projected to narrow due to higher gold prices (main export) and lower oil prices (main import). Risks around the outlook are exceptionally high in light of the uncertainty surrounding the political transition, the impact of the sanctions on trade and overall activity, and continued deterioration in the security situation. Weak social safety nets amid high informality, food insecurity and a fragile healthcare system exacerbate challenges.
Keywords:
ISCR; CR; IMF lending tracker; tranche of debt service relief; eligible debt service; six-month tranche; expenditure report
Cover IMF Staff Country Reports
Mali: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report
International Monetary Fund. African Dept.
The COVID-19 pandemic and the August 2020 coup d’état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in external demand, travel, and FDI, as well as the impact of uncertainty and reduced mobility on domestic demand) and of post-coup disruptions in trade, transport, economic and financial flows following the sanctions imposed by the Economic Community of West African States (ECOWAS). Inflation accelerated slightly in recent months but is expected to remain below 2 percent, while the current account deficit is projected to narrow due to higher gold prices (main export) and lower oil prices (main import). Risks around the outlook are exceptionally high in light of the uncertainty surrounding the political transition, the impact of the sanctions on trade and overall activity, and continued deterioration in the security situation. Weak social safety nets amid high informality, food insecurity and a fragile healthcare system exacerbate challenges.
Keywords:
ISCR; CR; IMF lending tracker; tranche of debt service relief; eligible debt service; six-month tranche; expenditure report
Cover IMF Staff Country Reports
Statement by Mr. Dumisani Mahlinza, Executive Director for Malawi, and Mr. Ted Sitima-wina, Senior Advisor to the Executive Director September 24, 2020
International Monetary Fund. African Dept.

1. On behalf of our Malawian authorities, we thank management and staff for their timely response to this second request for emergency financial assistance under the Rapid Credit Facility (RCF). Our authorities believe the RCF disbursement would help catalyze additional support from development partners.

Keywords:
ISCR; CR; emergency financing request; IMF lending tracker; RCF resource; RCF disbursement; IMF's emergency financing; banking supervision effort; disbursement of SDR; RCF II; Debt relief; COVID-19; Budget planning and preparation; Global; revenue shortfall; RCF request; Health care; Credit