Malawi: 2012 Article IV Consultation and Request for a New Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi.

August 3, 2012

Summary

The Malawian economy is slowly recovering, thanks to corrective measures such as the floating exchange rate regime and liberated current account transactions. Stringent fiscal discipline, restrained monetary policies, and boosting of international reserves have been suggested as measures for controlling inflation and stabilizing the macroeconomy. Operation power and freedom for results-based management (RBM) and implementation of Malawi Growth and Development Strategy II (MGDS-II) are also suggested by the Executive Board. Measures to ensure revenue gain concurrent with spending have also been recommended.

Subject: Budget planning and preparation, Central banks, Expenditure, Foreign exchange, Imports, International reserves, International trade, Public financial management (PFM)

Keywords: amount equivalent to SDR, anchor inflation expectation, Budget planning and preparation, CR, current account transaction, devaluation, ECF arrangement, equivalent, floating exchange rate regime, Global, government, Imports, International reserves, ISCR, prudent fiscal policy, second growth

Pages:
140
Volume:
2012
DOI:
https://doi.org/10.5089/9781475506112.002
Issue:
221
Series:
Country Report No. 2012/221
Stock No:
1MWIEA2012001
ISBN:
9781475506112
ISSN:
1934-7685

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