Malawi : First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criterion, and Modification of Performance Criteria—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi

Publication Date: May 20, 2013
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Summary: This collection of papers reviews Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF). Drought conditions in parts of the country have dampened the near-term outlook for growth and have resulted in food insecurity for nearly 2 million inhabitants. The authorities have therefore implemented strong adjustment measures to address Malawi’s substantial external and internal imbalances. The IMF Executive Board has also decided to enable the immediate disbursement of an amount equivalent to SDR 13.02 million (about US$20 million), bringing total disbursements under the program to an amount equivalent to SDR 26.04 million (about US$40.1 million), which will help Malawi to accelerate growth under the ECF.
Series: Country Report No. 13/119
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal reforms | Monetary policy | Exchange rate policy | Bank supervision | Economic indicators | Staff Reports | Press releases | Performance criteria waivers | Performance criteria modifications | Malawi

Publication Date: May 20, 2013
ISBN/ISSN: 9781484324912/1934-7685 Format: Paper
Stock No: 1MWIEA2013001 Pages: 89
US$18.00 (Academic Rate:
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