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Sustainability of external debt on Malawi’s import cover – Considerations for Malawi’s Vision 2063

Author

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  • Phiri Kampanje, Brian

Abstract

Malawi is currently relying on external debt to cushion its forex reserves and support country’s import cover. This is unsustainable in medium to long-term and World Bank has already expressed concerns on this matter. Malawi’s debt stress levels are currently at high levels but the country is expected to borrow heavily from external sources to support bankable and flagship projects running from 2021 through 2030 under MIP-1 which is a ten-year medium strategy of Malawi’s Vision 2063. There is need to find reasonable export strategies to boost export proceeds but at the same time reduce massive illegal externalisation of forex to give MIP-1 a better chance of success.

Suggested Citation

  • Phiri Kampanje, Brian, 2022. "Sustainability of external debt on Malawi’s import cover – Considerations for Malawi’s Vision 2063," MPRA Paper 114358, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114358
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    More about this item

    Keywords

    External; Debt; Malawi; Forex;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance

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