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Malawi: Staff—Monitored Program

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  • International Monetary Fund

Abstract

This paper examines the Staff-Monitored Program (SMP) for Malawi. The authorities have requested staff monitoring of their macroeconomic program for the 2004/05 fiscal year (June–July) with a view to establishing a performance track record that could lead to a new Poverty Reduction and Growth Facility (PRGF) arrangement. The main objectives of the SMP will only be achieved if the approved 2004/05 (June–July) budget is in line with the agreed budget framework and the monetary overhang is addressed. Structural measures under the SMP will focus on public expenditure management.

Suggested Citation

  • International Monetary Fund, 2004. "Malawi: Staff—Monitored Program," IMF Staff Country Reports 2004/295, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/295
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