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Malawi: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper describes economic developments in Malawi during the 1990s. Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks. These shocks included two major droughts, a severe weakening in the terms of trade, and a suspension of donor nonhumanitarian aid owing to concern over governance. As a consequence, the average real GDP growth fell from 6 percent a year in 1989–91 to -3 percent a year in 1992–94. Savings and investment also fell considerably.

Suggested Citation

  • International Monetary Fund, 1996. "Malawi: Recent Economic Developments," IMF Staff Country Reports 1996/068, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1996/068
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