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  • International Monetary Fund. African Dept.
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    This collection of papers reviews Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF). Drought conditions in parts of the country have dampened the near-term outlook for growth and have resulted in food insecurity for nearly 2 million inhabitants. The authorities have therefore implemented strong adjustment measures to address Malawi’s substantial external and internal imbalances. The IMF Executive Board has also decided to enable the immediate disbursement of an amount equivalent to SDR 13.02 million (about US$20 million), bringing total disbursements under the program to an amount equivalent to SDR 26.04 million (about US$40.1 million), which will help Malawi to accelerate growth under the ECF.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/119.

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    Length: 89
    Date of creation: 20 May 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/119

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    Keywords: Extended Credit Facility; Fiscal policy; Fiscal reforms; Monetary policy; Exchange rate policy; Bank supervision; Economic indicators; Staff Reports; Press releases; Performance criteria waivers; Performance criteria modifications; Malawi; debt service payments; balance of payments; reserve bank; external debt; domestic borrowing; treasury bills; external payments arrears; external borrowing; debt relief; current account; external payments; domestic financing; current account balance; balance of payment; payment arrears; central bank; external debt service; external payment; domestic debt; external financing; stock of debt; liquid reserve; reserve assets; long-term debt; external loans; long-term loans; external resources; domestic currency; reserve holdings; public debt; debt-service obligations; debt sustainability analysis; multilateral debt relief; central banks; debt relief initiative; repayments; domestic savings; debt stock; debt sustainability; short-term debt; debt services; deficit financing; general resources account; multilateral debt; external debt services; external debt data; public finance; debt data; current account deficit;

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