Malawi Resident Representative Site
Resident Representative Office in Malawi
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Malawi and the IMF. Additional information can be found on Malawi and IMF country page, including official IMF reports and Executive Board documents in English that deal with Malawi.
News and Highlights
As the world struggles with the most serious financial turmoil of the post-war era, attention has focused on the advanced and emerging-market economies that are most immediately affected. But the impact on poor countries is far more severe.
"While the headlines have been dominated by the impact of the crisis on advanced economies and emerging markets, the crisis also poses a severe challenge for African countries, which the international community must not ignore," said IMF Deputy Managing Director Takatoshi Kato.
Malawi and The IMF
Malawi: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-Observance of Performance Criteria, Extensions of the Arrangement, Modification of Performance Criterion, and Rephasing of Disbursements-Staff Report; Press Release; and Statement by the Executive Director for Malawi
March 30, 2015
Series: Country Report No. 15/83
Press Release: IMF Executive Board Completes Fifth and Sixth Reviews under Malawi’s ECF Arrangement, and Approves US$ 18.1 Million Disbursement
Malawi -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 04, 2015
March 4, 2015
PDF File Size: 608Kb
Press Release: East African Officials Note Progress in Harmonization of National Accounts Statistics
Regional Economic Outlook for Sub-Saharan Africa
Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains.
Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight
Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.