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Andrew Kitili
and
David S Bailey
Andrew Kitili
and
David S Bailey
In January/February 2025, an assessment was undertaken of the data quality of the public sector debt statistics (PSDS) of Malawi against the IMF’s Data Quality Assessment Framework (DQAF) for PSDS. The mission was undertaken as part of a project to strengthen the quality of public sector debt in select African countries, funded by the Government of Japan. The mission reviewed the PSDS compilation and dissemination practices against each element of the DQAF and presented a series of recommendations to improve the quality and transparency of the PSDS of Malawi.
Andrew Kitili
and
David S Bailey

In January/February 2025, an assessment was undertaken of the data quality of the public sector debt statistics (PSDS) of Malawi against the IMF’s Data Quality Assessment Framework (DQAF) for PSDS. The mission was undertaken as part of a project to strengthen the quality of public sector debt in select African countries, funded by the Government of Japan. The mission reviewed the PSDS compilation and dissemination practices against each element of the DQAF and presented a series of recommendations to improve the quality and transparency of the PSDS of Malawi.

International Monetary Fund. Statistics Dept.
This report discusses the findings and recommendations of a diagnostic assessment of the quality of public sector debt statistics (PSDS) of Malawi based on the IMF’s Data Quality Assessment Framework for PSDS. The assessment was undertaken in February 2025 as part of a project to strengthen the quality of public sector debt data in select African countries, funded by the Government of Japan. Like many low-income countries, Malawi is facing challenges servicing its public debt. The latest joint IMF-World Bank debt sustainability analysis of January 2024 indicates that the country is in debt distress. The authorities have taken measures lately to strengthen governance and transparency of public debt. In 2022, Malawi enacted a new Public Finance Management Act providing a legal framework for government borrowing as well as the issuance and management of guarantees by government including guarantees to State-owned enterprises. The key recommendations of the diagnostic assessment include enacting a new legislation to address public debt management operations in line with the practice in the region; expanding the sector coverage of public debt beyond the budgetary central government; expanding instrument coverage to other accounts payables; reconciling stocks and flows and publishing the results transparently; enhancing the frequency of public debt reports and reactivating the dissemination of debt through the National Summary Data Page as well as the joint IMF-World Bank Quarterly Public Sector Debt statistics database. The authorities have adopted recommendations and developed an action plan to implement them in a phased manner.
International Monetary Fund. Statistics Dept.
International Monetary Fund. Statistics Dept.

The mission assisted the National Statistical Office of Malawi improve the quality of the published annual estimates of Gross Domestic Product (GDP), progressed the use of Value Added Tax (VAT) data as a basis for developing quarterly series and supported development of current price estimates of GDP based on the expenditure approach (GDP-E). Specially, the mission reviewed the quality of the published GDP series and finalized Supply and Use Tables for 2017. This allowed the development of annual current price estimates of GDP-E. In addition, the mission initiated estimation of quarterly current price estimates of GDP for some activities based on data for company sales from Malawi’s VAT system.

International Monetary Fund. Statistics Dept.
The mission assisted the National Statistical Office of Malawi improve the quality of the published annual estimates of Gross Domestic Product (GDP), progressed the use of Value Added Tax (VAT) data as a basis for developing quarterly series and supported development of current price estimates of GDP based on the expenditure approach (GDP-E). Specially, the mission reviewed the quality of the published GDP series and finalized Supply and Use Tables for 2017. This allowed the development of annual current price estimates of GDP-E. In addition, the mission initiated estimation of quarterly current price estimates of GDP for some activities based on data for company sales from Malawi’s VAT system.
International Monetary Fund. African Dept.
Ce document se concentre sur les impacts macroéconomiques des arriérés intérieurs du gouvernement en République du Congo. Les autorités ont intensifié leurs efforts d’atténuation, notamment en améliorant la marge budgétaire pour accélérer le remboursement, en améliorant la transparence de la dette pour permettre une reconnaissance rapide des arriérés et en lançant d’importantes réformes pour améliorer la prévention. À l’avenir, il sera crucial de maintenir le rythme des réformes. Les priorités comprennent le renforcement des coussins budgétaires pour assurer un remboursement en temps voulu, l’amélioration de la couverture de la dette et les réformes de la transparence pour permettre une vision globale de la dette publique, l’accélération de la dette et les réformes de la GFP pour permettre une meilleure gestion et un meilleur contrôle.
David Amaglobeli
,
Todd Benson
, and
Tewodaj Mogues
The objectives underlying agricultural output subsidies can have conflicting implications for the design of subsidy programs. As they tend to affect meaningful swaths of the electorate, subsidies can also be an attractive political instrument. By artificially lowering production costs or assuring higher output prices, direct support measures can result in resource misallocation in instances where they fail to address market failures, such as imperfect information about the returns to fertilizers. Subsidies can also contribute to fertilizer overuse, harming the environment and the agricultural sector in the long term. Furthermore, agricultural production subsidies are often fiscally costly and unfavorable compared to alternative uses of public funds—both within the agricultural sector and outside it—to achieve the same ends. Various design and implementation challenges amplify the shortcomings of producer subsidy programs.
International Monetary Fund. Legal Dept.

Abstract

A supplement to the Forty-Third Issue of Selected Decisions and Selected Documents of the International Monetary Fund, incorporating items posted after January 1, 2023.