Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Africa > Malawi

You are looking at 1 - 10 of 11 items for :

  • Type: Journal Issue x
  • Economic Development, Innovation, Technological Change, and Growth x
Clear All Modify Search
Cover IMF Working Papers
How do Climate Shocks Affect the Impact of FDI, ODA and Remittances on Economic Growth?
Alassane Drabo
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on some country characteristics such as human and physical capital constraint, macroeconomic policy and institutional capacity. This paper extends the literature by arguing that climate shocks may undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants’ remittances on economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances improve economic growth, and the size of the effect increases with good absorptive capacity. However, climate shocks reduce this positive effect of financial flows in developing countries. Using a sample of low and middle-income countries from 1995 to 2018, the empirical investigation confirms the theoretical conclusions. Developing countries should build strong resilience to climate change. Actions are also needed at global level to reduce greenhouse gases emissions, and build strong structural resilience to climate shocks especially in developing countries.
Keywords:
inflows-economic growth nexus; effect of ODA; income group; role of Climate; effect of foreign direct investment; Climate change; Absorptive capacity; Foreign direct investment; Human capital; Middle East; East Asia; Asia and Pacific; North Africa; South Asia; Global
Cover Policy Papers
Guidance Note on IMF Engagement on Social Safeguards in Low-Income Countries
International Monetary Fund. Strategy, Policy, &amp
and
Review Department
This note provides operational guidance to staff on how to engage on social safeguard issues with low-income countries in both program and surveillance contexts. The note is not intended as a comprehensive guide, and should be used in conjunction with other operational guidance notes, such as those relating to conditionality and surveillance.
Keywords:
PP; spending; staff; poverty; spending floor; priority spending; country authorities; expenditure code; address weakness; Social assistance spending; Social protection spending; Education spending; Poverty reduction; Energy subsidies; Africa
Cover IMF Staff Country Reports
Malawi: Economic Development Document
International Monetary Fund. African Dept.
This Economic development Document presents an overview of Malawi’s Development Plan. Disappointing results with respect to implementation of Malawi Growth and Development Strategy II have triggered a qualified rethink in Malawi’s development planning process. There is a growing recognition that Malawi needs a more realistic development plan, in terms of both the underlying assumptions and resource availability, as well as with fewer priorities and a greater emphasis on implementation. Climate change has also become a major new factor in this process. The recent formation of a quasi-independent National Development and Planning Commission is expected to help in improving the independence of the planning process in Malawi.
Keywords:
ISCR; CR; Malawi; policy; agriculture; government; rate; MGDS III; poverty rate; National Disaster risk management policy; poverty in Malawi; policy advice; disaster risk management policy; rain-fed agriculture; education policy; sector policy; Poverty reduction; Development strategy; Sub-Saharan Africa; Global
Cover IMF Working Papers
The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Mr. Marcelo Martinez
and
Mr. Montfort Mlachila
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on socially desirable outcomes, for example, improvements in health, education and poverty indicators? To do this, the paper first examines various aspects of the fundamentals of growth in SSA—levels, volatility, sources, etc.—according to various country analytical groupings. Second, it explores the extent to which the growth has been accompanied by improvements in social indicators. The paper finds that the quality of growth in SSA over the past 15 years has unambiguously improved, although progress in social indicators has been uneven.
Keywords:
WP; Real GDP growth; health outcome; TFP improvement; poverty-growth nexus; Quality of growth; social indicators; sub-Saharan Africa; income gain; per capita income; mortality rate; poverty-reducing pattern; gross investment; poverty outcome; Capita Real GDP growth; physical capital; poverty indicator; income difference; Total factor productivity; Personal income; Poverty reduction; Africa
Cover IMF Working Papers
Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons
Mr. Nils O Maehle
,
Ms. Haimanot Teferra
, and
Mrs. Armine Khachatryan
Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply.
Keywords:
WP; exchange rate; U.S. dollar; government; country; headline inflation; proceeds; Exchange rate regimes; reforms; growth; inflation; structural adjustment; managed float; per capita income; inflation rate; exchange rate liberalization; stabilization effort; exchange rate depreciation; U.S. dollar exchange rate; adjustable peg; auction market; overvalued exchange rate; Exchange rates; Exchange rate arrangements; Currency markets; Sub-Saharan Africa
Cover IMF Working Papers
Global Shocks and their Impacton Low-Income Countries: Lessons From theglobal Financial Crisis
Mr. Chris Papageorgiou
,
Hans Weisfeld
,
Ms. Catherine A Pattillo
,
Mr. Martin Schindler
,
Mr. Nikola Spatafora
, and
Mr. Andrew Berg
This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined sharply because LICs were unusually synchronized. Second, the growth declines are on average well explained by the decline in export demand. Third, if the external environment facing LICs improves as forecast, their growth should rebound sharply. Finally, and contrary to received wisdom, there are few robust relationships between the cross-country growth variation and the policy and structural environment; the main exceptions are reserve coverage and labor-market flexibility.
Keywords:
WP; growth rate; Per-Capita GDP Growth; Global financial crisis; Low-income countries; External shocks; Short-run growth; external demand; non-fuel-exporting middle-income countries; regression analysis; demand growth; FDI shock; terms of trade growth; Terms of trade; Foreign direct investment; Production growth; Labor market flexibility; Exchange rate arrangements; Global
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 Le FMI et l’aide à l’Afrique subsaharienne
Le FMI et l’aide à l’Afrique subsaharienne
International Monetary Fund. Independent Evaluation Office

Abstract

Alors que le débat sur le rôle joué par le FMI auprès des pays à faible revenu se poursuit, le Bureau indépendant d’évaluation (BIE) a entrepris d’examiner les modalités et l’efficacité de l’aide que l’institution apporte à l’Afrique subsaharienne. Ce rapport s'intéresse plus particulièrement aux politiques conduites et aux pratiques suivies par le FMI dans les opérations appuyées par la facilité pour la réduction de la pauvreté et pour la croissance (FRPC), principal canal du travail opérationnel de l’institution dans les pays à faible revenu entre 1999 et 2005. Le rapport formule également des recommandations pour accroître la cohérence — tant réelle que perçue — des politiques et activités de l’institution liées à l’aide à l’Afrique subsaharienne.

Keywords:
IEOR; IEO; PRGF; Fund; policy; fund staff
Cover The IMF and Aid to Sub-Saharan Africa
The IMF and Aid to Sub-Saharan Africa
International Monetary Fund. Independent Evaluation Office

Abstract

This independent evaluation of the IMF’s role and performance in the determination and use of aid to low-income countries in sub-Saharan Africa is presented at a ground-level view. Country performance has improved in many sub-Saharan Africa countries over the period, and the report details the role of the IMF’s programs, as well as perceptions of that role. The report is an important contribution to following through on the IMF’s commitment to its Poverty Reduction Strategy and makes three main recommendations for improving the coherence—actual and perceived—of the IMF’s policies and actions relating to aid to sub-Saharan Africa going forward.

Keywords:
IEOR; IEO; PRGF; Fund; policy; fund staff; IEO report; core mandate; policy advice; PRGF program design; Poverty reduction strategy; Poverty reduction; Civil society; Government debt management; Sub-Saharan Africa; Africa; Global; IMF communications; IMF activity; IMF's instrument; Absorptive capacity; Poverty reduction and development
Cover Uma Avaliação sobre
Uma Avaliação sobre
o FMI e a Ajuda à África Subsariana
International Monetary Fund. Independent Evaluation Office

Abstract

This independent evaluation of the IMF’s role and performance in the determination and use of aid to low-income countries in sub-Saharan Africa is presented at a ground-level view. Country performance has improved in many sub-Saharan Africa countries over the period, and the report details the role of the IMF’s programs, as well as perceptions of that role. The report is an important contribution to following through on the IMF’s commitment to its Poverty Reduction Strategy and makes three main recommendations for improving the coherence—actual and perceived—of the IMF’s policies and actions relating to aid to sub-Saharan Africa going forward.

Keywords:
IEOR; IEO; PRGF; Fund; policy; fund staff