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Africa > Malawi

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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 Policy Papers
Social Safeguards and Program Design in PRGT and PSI-Supported Programs
International Monetary Fund
The Fund provides considerable support to low-income countries (LICs). This includes concessional financing from the Poverty Reduction and Growth Trust (PRGT), which currently carries an interest rate of zero percent. Since 2010, over half of Fund-supported arrangements have involved a PRGT facility. Support for poverty reduction is a core objective of arrangements supported by these facilities. This paper examines how PRGT-supported programs safeguard spending on poor and vulnerable groups within the broader framework of promoting inclusive growth. In some cases, national poverty reduction programs seek to shift expenditures toward social programs in the context of generally higher spending supported by domestic revenue mobilization, grants, or debt financing. In other cases, the goal is to safeguard poor and vulnerable groups from fiscal adjustment and reform measures that could adversely affect them by adopting countervailing policy measures to strengthen social safety nets. In discussing social safeguards, this paper focuses on how and if these objectives are reflected satisfactorily in the design of PRGT and PSI-supported programs. The effectiveness of social spending in improving social outcomes, including by durably reducing poverty, is beyond the scope of the paper.
Keywords:
PP; program; Fund; guidance; LIC program; spending; IMF executive board review; program document; country authorities; fund Policy; Social assistance spending; Poverty reduction strategy; Health care spending; Poverty reduction; Fiscal consolidation; Middle East and Central Asia; Central and Eastern Europe; Asia and Pacific; Western Hemisphere; Sub-Saharan Africa
Cover IMF Staff Country Reports
Malawi: Request for an Extension of the Extended Credit Facility Arrangement-Press Release and Staff Report
International Monetary Fund. African Dept.
This paper discusses the Malawi authorities, request for a short extension (June 30, 2016) to their arrangement under the Extended Credit Facility (ECF) that is currently due to expire on May 22, 2016. The extension is needed to provide time for the authorities to implement two prior actions for completing the seventh and eighth reviews. These comprise the reconciliation of government bank accounts for the first half of FY2015/16 and another on preparing a report on the flow and stock of domestic arrears at end-2015.
Keywords:
ISCR; CR; ECF arrangement; program implementation; implementation of policy; Malawi authorities; reconciliation of government bank accounts; International reserves; Structural policies; Structural reforms; Poverty reduction
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 Staff Country Reports
Malawi: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper
International Monetary Fund
According to MGDS-II, certain major factors such as Malawi’s vulnerability to external shocks, inadequate policy response, and weak implementation capacity have hindered growth and development of the economy. The political risks resulting from the upcoming 2014 tripartite elections have also been cited as a major issue. The report suggests that the government should look into the issues of corruption. IMF staffs has put forth certain guidelines that need to be followed when the first Annual Progress Report is prepared.
Keywords:
ISCR; CR; mgds II; governance; poverty reduction Strategy paper; MGDS; poverty projection; reform land policy; poverty analysis; poverty challenge; cross-government reform; Poverty reduction strategy; Poverty reduction; Africa
Cover International Monetary Fund Annual Report 2009
International Monetary Fund Annual Report 2009
Fighting the Global Crisis
International Monetary Fund

Abstract

The IMF's 2009 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2009, which covers the period from May 1, 2008, through April 30, 2009. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2009.

Keywords:
AR; AREA; Fund; country; The Fund; lending; financial crisis; CIS economy; IMF activity; CIS export market; prices of commodity export; IMF headquarters; Budget planning and preparation; Human capital; Poverty reduction strategy; Financial Sector Assessment Program; Global; Africa; Europe
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 IMF Staff Country Reports
Malawi: 2006 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criterion
International Monetary Fund
This 2006 Article IV Consultation highlights that Malawi is at a critical juncture following its progress on macroeconomic stability, attainment of the Heavily Indebted Poor Countries (HIPC) completion point in August 2006, and the recent launch of the Malawi Growth and Development Strategy, which outlines an ambitious agenda of structural reform to enhance growth and reduce poverty. This paper focuses on the three key challenges facing Malawi over the medium term, which frame macroeconomic policy over the near term.
Keywords:
ISCR; CR; PRGF loan; government; harvest; PRGF-supported program; bumper harvest; tax revenue projection; crop estimate; Debt relief; Domestic debt; Debt service; Southern Africa; Sub-Saharan Africa; Africa; Global
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