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Africa > Malawi

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
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Cover IMF Staff Country Reports
Malawi: Technical Assistance Report-Public Investment Management Assessment (PIMA)
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance report assesses the state of public investment management (PIM) in Malawi. Measured against the overall strength of its PIM institutions, Malawi performs broadly in line with other low-income developing countries and sub-Saharan African countries, but less well than better-performing emerging markets. Measures of institutional strength show how well Malawi rates in terms of its existing laws and regulations, as well as the formal guidelines and instructions issued by the government to implement these laws. The public investment management assessment diagnostic tool also measures how effectively, in practice, the government implements and enforces these laws and regulations. On this measure of effectiveness, Malawi performs relatively poorly. Looking at individual indicators of PIM, Malawi’s performance is mixed.
Keywords:
ISCR; CR; annual budget; budget year; capital stock; cash management; Malawian authorities; cash flow; fiscal policy; capital investment; debt management strategy; water board; Public investment and public-private partnerships (PPP); Budget planning and preparation; Public investment spending; Sub-Saharan Africa; Southern Africa; East Africa; Europe; Africa; Malawi power market structure; investment project; PIM effectiveness; implementing investment; investment activity; private sector investment; Malawi revenue authority; Malawi education sector improvement program; Caribbean
Cover Departmental Papers
Mozambique Rising: Building a New Tomorrow
Ms. Doris C Ross
,
Victor Duarte Lledo
,
Mr. Alex Segura-Ubiergo
,
Mr. Yuan Xiao
,
Ms. Iyabo Masha
,
Mr. Alun H. Thomas
, and
Mr. Keiichiro Inui
The countries in the East African Community (EAC) are among the fastest-growing economies in sub-Saharan Africa. This report highlights Mozambique’s remarkably strong growth over the two decades since the end of the civil war in 1992, as well as the major challenges that remain for the country to rise out of poverty and further its economic development.
Keywords:
DPPP; DP; natural resource; foreign direct investment; private sector; exchange rate; economic growth; resource revenue; civil war; management system; primary sector
Cover Departmental Papers
Mozambique Rising: Building a New Tomorrow
Ms. Doris C Ross
,
Victor Duarte Lledo
,
Mr. Alex Segura-Ubiergo
,
Mr. Yuan Xiao
,
Ms. Iyabo Masha
,
Mr. Alun H. Thomas
, and
Mr. Keiichiro Inui
This publication highlights Mozambique’s remarkably strong growth over the two decades since the end of the civil war in 1992, as well as the major challenges that remain for the country to rise out of poverty and further its economic development. Chapters explore such topics as the role of megaprojects and their relationship to jobs and growth; infrastructure and public investment; Mozambique's quest for inclusive growth; developing the agricultural sector; and building a social protection floor.
Keywords:
DPPP; DP; natural resource; foreign direct investment; private sector; exchange rate; economic growth; resource revenue; civil war; management system; primary sector; per capita income; distribution network; investment project; stabilization fund; Public investment and public-private partnerships (PPP); Public investment spending; Natural resources; Infrastructure; Agricultural sector; Sub-Saharan Africa; Africa; Global; Southern Africa
Cover Departmental Papers
La montée en puissance du Mozambique — Construire un nouveau lendemain
Ms. Doris C Ross
,
Victor Duarte Lledo
,
Mr. Alex Segura-Ubiergo
,
Mr. Yuan Xiao
,
Ms. Iyabo Masha
,
Mr. Alun H. Thomas
, and
Mr. Keiichiro Inui
La présente publication met en exergue la croissance remarquablement vigoureuse du Mozambique au cours des vingt dernières années depuis la fin de la guerre civile en 1992, ainsi que les obstacles principaux que le pays doit encore surmonter pour sortir de la pauvreté et poursuivre son développement économique. Les chapitres portent entre autres sur les thèmes suivants : le rôle des mégaprojets et leur rapport à l'emploi et la croissance ; l'infrastructure et l'investissement public ; le Mozambique sur la voie de la croissance inclusive ; le développement du secteur agricole ; et l'établissement d'un socle de protection sociale.
Keywords:
DPPP; DP; natural resource; foreign direct investment; private sector; exchange rate; economic growth; resource revenue; civil war; management system; primary sector
Cover IMF Working Papers
Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Mr. Giovanni Melina
,
Ms. Susan S. Yang
, and
Luis-Felipe Zanna
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open economy. It has two types of households, including poor households with no access to financial markets, and features traded and nontraded sectors as well as a natural resource sector. Public capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity constraints. The government has access to different types of debt (concessional, domestic and external commercial) and a resource fund, which can be used to finance public investment plans. The resource fund can also serve as a buffer to absorb fiscal balances for given projections of resource revenues and public investment plans. When the fund is drawn down to its minimal value, a combination of external and domestic borrowing can be used to cover the fiscal gap in the short to medium run. Fiscal adjustments through tax rates and government non-capital expenditures—which may be constrained by ceilings and floors, respectively—are then triggered to maintain debt sustainability. The paper illustrates how the model can be particularly useful to assess debt sustainability in countries that borrow against future resource revenues to scale up public investment.
Keywords:
WP; natural resource; Natural resources; Public Investment; Debt Sustainability; Small Open DSGE Models; DIGNAR; Developing Countries; investment path; scaling-up investment target; investment efficiency; investment adjustment cost parameter; investment approach; investment scaling-up path; resource revenue; Public investment spending; Commercial borrowing; Consumption taxes; Sub-Saharan Africa; Africa