IMF Staff Country Reports

Malawi: Staff—Monitored Program

Publication Date:

September 15, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2004/295

Subject:

Asset and liability management Budget planning and preparation Debt relief Expenditure Labor Public financial management (PFM) Public sector wages Revenue administration