Malawi : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

August 26, 1996

Summary:

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.

Series:

Country Report No. 96/68

Subject:

English

Publication Date:

August 26, 1996

ISBN/ISSN:

9781451827910/1934-7685

Stock No:

1MWIEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

76

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