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Africa > Malawi

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Cover Global Monitoring Report
Global Monitoring Report
Food Prices, Nutrition, and the Millennium Development Goals: Food Prices, Nutrition, and the Millennium Development Goals
International Monetary Fund
Keywords:
MISC RPT; MISC; food price; price; food; country; developing country; commodity; trade
Cover IMF Working Papers
External Debt Sustainability in HIPC Completion Point Countries: An Update
Jie Yang
and
Dan Nyberg
Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.
Keywords:
WP; HIPC; HIPC country; HIPC Completion point countries; export; HIPC decision point; External Debt Sustainability; HIPCs; Low-Income Countries; HIPC completion; country grouping; HIPC CP country; export diversification; Exports; Debt sustainability; Export diversification; Agricultural commodities; Oil; Global
Cover Regional Economic Outlook, October 2007, Sub-Saharan African
Regional Economic Outlook, October 2007, Sub-Saharan African
International Monetary Fund. African Dept.

Abstract

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This would extend a period of very good performance. In recent years, sub-Saharan Africa has been experiencing its strongest growth and lowest inflation in over 30 years.

Keywords:
REO; Dem. rep.; oil exporter; current account; development expenditure; nonfuel commodity price; terms of trade shock; expenditure program; Fiscal space; Terms of trade; Oil; Medium-term budget frameworks; Sub-Saharan Africa; Africa; Global; West Africa
Cover IMF Staff Country Reports
Malawi: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper estimates the path of the equilibrium real exchange for Malawi. Based on a dynamic model of a small open economy, the paper identifies and discusses the dynamics between certain fundamental variables and the real exchange rate. It also investigates the presence of a long-term relationship between the real exchange rate and the explanatory variables, and estimates both the equilibrium real exchange rate and the speed at which it converges toward its equilibrium level. The paper also discusses episodes of discrepancies between the real effective exchange rate and its equilibrium level.
Keywords:
ISCR; CR; Malawi; export; standard error; Malawi equilibrium exchange rate; CCA system; expenditure management; withholding tax; Income and capital gains taxes; Personal income tax; Income tax systems; Real exchange rates; Sub-Saharan Africa; Africa
Cover IMF Working Papers
Economics, Politics, and Ethics of Primary Commodity Development: How Can Poor Countries in Africa Benefit the Most?
Uma J. Lele
,
Mr. James Jerome Gockowski
, and
Kofi Adu-Nyako
The critical role of agricultural commodities in the growth of low-income countries is examined. A combination of factors has resulted in declining agricultural prices, necessitating further increasing volumes by developing countries to maintain export earnings. But low growth in factor productivity in Africa compared to competitors caused declining export shares in African countries. A broad-based smallholder strategy based on producing commodities in which a country enjoys comparative advantage needs to be supported by productivity enhancing innovations in food and export commodities, a stable price environment, availability of infrastructure and access to credit. Such an environment requires partnership between government and private agents.
Keywords:
WP; maize price ratio; productivity gain; private sector; balance of payments; commodity price; price stabilization policy; export commodity; terms of trade; price variability result; price variability; commodity producer; public goods; variability result; commodity option; price distortion; Agricultural commodities; Agricultural sector; Agricultural exports; Exports; Africa; Asia and Pacific
Cover Finance & Development
Finance & Development, September 1978
International Monetary Fund. External Relations Dept.
This paper discusses the appointment of Jacques de Larosière as Managing Director in the IMF. He assumed his duties at the IMF on June 17, 1978, succeeding Mr. H. Johannes Witteveen, of the Netherlands, whose service ended on June 16, 1978. Mr. de Larosière, 48, was Director of the French Treasury since 1974. He represented his government at many international conferences as well as on the boards of major industrial and financial concerns. Mr. de Larosière also participated in the work of the Committee of Twenty on International Monetary Reform and the Interim Committee.
Keywords:
FD; F&D; Annual Meetings of the bank; country; SDR; Robert S. McNamara; series of article; IDA credit; world economy; Trust loan; poverty program; Currencies; Exports; Imports; Freely usable currencies; Gold; South Asia; Middle East; Africa; Asia and Pacific; East Asia
Cover Finance & Development
Finance & Development, June 1971
International Monetary Fund. External Relations Dept.
This paper examines the difference between “capital” and “investment” for developing countries. The paper highlights that investment in material capital is merely one of the factors involved in economic development and that current expenditures on health, education, agricultural extension, family planning, research, management training, and so on, may be equally important or even more important than investment in capital. The paper offers a brief historical survey, drawing attention to factors leading to the development of a market where savers and investors are brought together.
Keywords:
FD; F&D; cost; market; dollar; monetary unit; ratio; IDA lending operations; budget agency; fund Stand-by arrangements; lending program; benefit cost; International capital markets; Budget planning and preparation; Income and capital gains taxes; Commodity markets; Discount rates; Africa; Asia and Pacific; East Africa; North America; Global
Cover Summary Proceedings of the Nineteenth Annual Meeting of the Board of Governors 1964
Summary Proceedings of the Nineteenth Annual Meeting of the Board of Governors 1964
International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; executive director; word; fund; central bank Governors; congressional adviser; S.J. Handfield-Jones; board of governors of the fund; balance of payments difficulty; International liquidity; International monetary system; Liquidity; Gold; Exports; Central America; Europe; Africa; Western Europe; East Africa; foregoing Resolution; balance of payments difficulties; Liquidity risk; South America