Malawi : Fourth and Fifth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waivers of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi

Author/Editor:

International Monetary Fund

Publication Date:

January 4, 2008

Electronic Access:

Free Full Text (PDF file size is 812 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Progress on fiscal policy during 2006/07 in Malawi was slower than expected. The 2006/07 (July-June) fiscal strategy focused on reducing domestic debt. In the third Poverty Reduction and Growth Facility (PRGF) review, the end-June target for domestic debt repayments was increased substantially. Domestic borrowing exceeded the adjusted target at end-December 2006 by MK 4.1 billion (0.9 percent of GDP). The government partially redressed this overrun by curtailing discretionary spending in the fourth quarter, as the scale of the end-December overrun became clear.

Series:

Country Report No. 08/3

Subject:

English

Publication Date:

January 4, 2008

ISBN/ISSN:

9781451828184/1934-7685

Stock No:

1MWIEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

94

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