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Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 269
Language:
English
Publication Date:
20 Dec 2021
DOI:
https://doi.org/10.5089/9781616354886.002
ISBN:
9781616354886
ISSN:
1934-7685
Pages:
112
Keywords:
financing gap; fund advice; private sector investment; governance issue; fiscal policy stance; soft commodity; Debt sustainability; International reserves; Africa; Global; Sub-Saharan Africa
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Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain relatively low: real GDP growth in 2021 is projected to pick up to 2.2 percent from 0.9 percent in 2020 helped by a good harvest. However, inflation is expected to increase to 9 percent in 2021 from 8.6 percent in 2020, driven by increases in prices of fuel, fertilizer and food, leaving real per capita growth in the negative region.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund