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Africa > Malawi

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Cover IMF Staff Country Reports
Malawi: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update
International Monetary Fund
This paper presents an Update to the Report on the Observance of Standards and Codes on Fiscal Transparency Module for Malawi. The findings reveal that Malawi does not have an elaborate privatization program. The assemblies and municipalities are currently outside of the Integrated Financial Management Information System and, moreover, use a different chart of accounts than the central government. The consolidation of local government budget execution data with those of central government to produce general government reports is crucial for improving the transparency and accountability of government operations.
Keywords:
ISCR; CR; government; budget; Malawi; enterprise; medium term expenditure framework; execution datum; fiscal policy priority; Budget planning and preparation
Cover IMF Staff Country Reports
Malawi: Poverty Reduction Strategy Paper: Growth and Development Strategy
International Monetary Fund
This paper focuses on the Poverty Reduction Strategy Paper (PRSP) and the Malawi Growth and Development Strategy (MGDS). The MGDS is the overarching strategy for Malawi from fiscal year 2006/07 to 2010/2011. The purpose of the MGDS is to serve as a single reference document for policymakers in government; the private sector; civil society organizations; donors and cooperating partners and the general public on socioeconomic growth and development priorities for Malawi. The overriding philosophy of the MGDS is poverty reduction through sustainable economic growth and infrastructure development.
Keywords:
ISCR; CR; natural resource; risk management; public goods; local government; net exporter; quality of life; transaction costs; value chain; corporate governance; civil society; exchange rate; HIV and AIDS; Infrastructure; Africa; Sub-Saharan Africa
Cover IMF Staff Country Reports
Malawi: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
International Monetary Fund
The objective for net foreign assets was discussed in this paper. Macroeconomic performance under the PRGF arrangement was broadly discussed. Several developments during the second half of 2005/2006 required the authorities to strengthen financial management controls and to make other policy adjustments. To meet additional humanitarian needs, the government expanded its food security operations. The authorities are working with IMF staff and other stakeholders to redefine pro-poor spending for 2006/2007. The government has taken further steps to ensure the viability of the pension system.
Keywords:
ISCR; CR; government; outlay; Three-Year PRGF arrangement; implementation; policy; Malawi's economy; executive board's discussion; prudent monetary policy; medium term policy; Debt relief; Food security; Arrears; Southern Africa
Cover IMF Staff Country Reports
Malawi: Debt Relief at the Heavily Indebted Poor Countries Initiative Completion Point and Under the Multilateral Debt Relief Initiative
International Monetary Fund
Malawi has made satisfactory progress in implementing its Poverty Reduction Strategy Paper (PRSP) for at least one year, and maintained satisfactory macroeconomic policies as evidenced by its performance under a program supported by the Poverty Reduction and Growth Facility (PRGF) over the last fiscal year 2005/2006. The completion point analysis shows the actual outturn to be 245 percent of exports. After additional voluntary bilateral debt relief, this ratio declines to 229 percent of exports. The paper assesses the sensitivity of debt indicators to changes in key economic variables.
Keywords:
ISCR; CR; HIPC assistance; debt forgiveness; debt ratio; discount rate; Malawian authorities; real GDP; annual debt service; completion point; Debt relief; Debt service; Exports; Public and publicly-guaranteed external debt; Africa
Cover IMF Staff Country Reports
Malawi: Poverty Reduction Strategy Paper: Third Annual Progress Report: Joint Staff Advisory Note
International Monetary Fund
The government of Malawi has finalized its third annual progress report (APR) of Malawi’s Poverty Reduction Strategy (MPRS) for the period July 2004 to December 2005. The government’s strategy as described in the MPRS focuses on reducing poverty through creating a stable macroeconomic environment and undertaking activities in four interrelated pillars. IMF staff recommends that in future processes, extra effort is made to ensure greater participation by the private sector and key members of parliament. The food security crisis was deeper than anticipated, leading to higher expenditures.
Keywords:
ISCR; CR; APR outline; government; APR process; Malawi's Poverty Reduction Strategy; APR presents output; licensing authorities; government institution; Poverty reduction strategy; Poverty reduction
Cover IMF Staff Country Reports
Malawi: Poverty Reduction Strategy Paper: Annual Progress Report
International Monetary Fund
This paper reviews the Annual Progress Report on Malawi’s Poverty Reduction Strategy (MPRS). The poverty situation remained high over the implementation period of the MPRS. The government continued funding activities that have been perceived to have an impact on poverty reduction. The MPRS outlined a number of macroeconomic policies that have been adhered to achieve the macroeconomic targets. These policies have been mainly in the form of monetary, fiscal, and structural policies.
Keywords:
ISCR; CR; civil society; financial year; primary education; economic planning; inflation rate; secondary education; resource allocation; basic education; financial support; Agroindustries; Global
Cover IMF Working Papers
Aid Scaling Up: Do Wage Bill Ceilings Stand in the Way?
Ms. Annalisa Fedelino
,
Mr. Gerd Schwartz
, and
Marijn Verhoeven
This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are often part of government programs supported by the IMF's Poverty Reduction and Growth Facility (PRGF). Based on country case studies for 2003-05, the paper suggests that, in the past, wage bill ceilings have not restricted the use of available donor funds. Yet the paper offers a number of suggestions for further enhancing the flexibility of wage bill conditionality in PRGF-supported programs to respond to higher aid flows that may result in the future.
Keywords:
WP; wage bill; bill ceiling; bill conditionality; bill adjuster; bill PC; IMF conditionality; aid scaling up; MDGs; Wages; Public sector wages; Wage adjustments; Civil service reform; Government wage bill; Sub-Saharan Africa; Central America
Cover IMF Staff Country Reports
Malawi: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi
International Monetary Fund
This paper presents Malawi’s First Review Under the Poverty Reduction and Growth Facility. The overvalued exchange rate has put external reserves under pressure, and the backlog of unpaid import invoices persists. The impact of the overvalued exchange rate on the value of donor inflows and the unforeseen upward revisions to debt obligations has increased domestic borrowing needs. The government is committed to program implementation, but faces intense political pressures because of its minority position in parliament.
Keywords:
ISCR; CR; PRGF loan; PRGF-supported program; Three-Year PRGF arrangement; government; medium term strategy; broad money; Credit; Imports
Cover IMF Staff Country Reports
Selected African Countries: IMF Technical Assistance Evaluation: Public Expenditure Management Reform
International Monetary Fund
This report focuses on IMF Technical Assistance Evaluation—Public Expenditure Management (PEM) Reform in Selected African Countries. Most of the countries examined were colonies of the United Kingdom, inheriting similar and relatively simple budget systems based on an interpretation of the “Westminster model” around the time of independence. Country reviews suggest that PEM problems are widespread and that there are few areas in the PEM systems of the countries covered that do not require strengthening in some way.
Keywords:
ISCR; CR; reform plan; FAD's TA; government operation; management system; permanent secretary; debt management; internal audit; cash management; country authorities; annual budget; Budget planning and preparation; Budget execution and treasury management; Fiscal accounting and reporting; Expenditure control; Africa
Cover IMF Working Papers
Does Import Protection Discourage Exports?
Mr. Stephen Tokarick
This paper points out that while many developing countries seek to increase their export earnings, they have not embraced fully the notion that their own pattern of import protection hurts their export performance. The paper quantifies the extent to which import protection acts as a tax on a country's export sector and finds that for many developing countries, the magnitude of the implicit tax is substantial-about 12 percent, on average, for the countries studied. The paper also illustrates the effects of various tariff-cutting scenarios in the Doha Round on export incentives and concludes that, in general, developing countries could increase their export earnings by reducing their own import tariffs, but countries must be careful about how these tariff reductions are achieved. For example, tariff-cutting schemes that exempt certain sectors could actually be harmful.
Keywords:
WP; export; tariff; import; developing country; import tariff; Tariffs; export tax; welfare; restrictiveness; export-tax equivalent; tariff barrier; export disincentive; anti-export bias; Exports; Imports; Trade barriers; Export prices; Africa