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Political Science > Agriculture & Food Policy

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Cover IMF Staff Country Reports
Malawi: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
International Monetary Fund
The objective for net foreign assets was discussed in this paper. Macroeconomic performance under the PRGF arrangement was broadly discussed. Several developments during the second half of 2005/2006 required the authorities to strengthen financial management controls and to make other policy adjustments. To meet additional humanitarian needs, the government expanded its food security operations. The authorities are working with IMF staff and other stakeholders to redefine pro-poor spending for 2006/2007. The government has taken further steps to ensure the viability of the pension system.
Keywords:
ISCR; CR; government; outlay; Three-Year PRGF arrangement; implementation; policy; Malawi's economy; executive board's discussion; prudent monetary policy; medium term policy; Debt relief; Food security; Arrears; Southern Africa
Cover IMF Staff Country Reports
Lesotho: Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria
International Monetary Fund
This paper assesses Lesotho’s Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho’s economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government’s strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
Keywords:
ISCR; CR; authority; PRGF arrangement; PRGF loan; PRGF-supported program; expenditure management systems; National Vision program; authorities' memorandum; Budget planning and preparation; Current spending; Africa