Cover IMF Staff Country Reports
Malawi: Seventh and Eighth Reviews Under the Extended Credit Facility Arrangement and Request for Waivers for NonObservance of Performance Criteria, Extension of the Arrangement, Augmentation of Access, Modification of Performance Criterion, and Rephasing of Disbursements-Press Release; Staff Report; and Statement by the Executive Director for Malawi
Author: International Monetary Fund. African Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 182
Language:
English
Publication Date:
24 Jun 2016
DOI:
https://doi.org/10.5089/9781498318228.002
ISBN:
9781498318228
ISSN:
1934-7685
Pages:
111
Keywords:
ISCR; CR; staff appraisal; statement; report; staff representative; ECF arrangement; macroeconomic situation; estimated recoverable amount method; budget support; Arrears; Public and publicly-guaranteed external debt; Global
Download PDF (2.2 MB) Download Epub
This paper provides a review of the economic performance of Malawi under the program supported by an Extended Credit Facility (ECF) arrangement. Malawi’s economy has been hit hard by weather-related shocks for a second consecutive year, further weakening growth and worsening food insecurity. Growth is estimated to have declined from 5.7 percent in 2014 to 3 percent in 2015 and is projected to drop further to 2.7 percent this year. Under the ECF program, the macroeconomic framework in the near term will be anchored on a policy mix incorporating a tight monetary stance and a level of domestic fiscal financing consistent with disinflation.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund