Malawi: Staff—Monitored Program

September 15, 2004

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.

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

Keywords: budget, budget framework, Budget planning and preparation, CR, debt relief, Debt relief, donor disbursement, GDP, ISCR, Malawi, net, Public sector wages, RBM bill, spending target, unbudgeted spending

Pages:
52
Volume:
2004
DOI:
https://doi.org/10.5089/9781451827965.002
Issue:
295
Series:
Country Report No. 2004/295
Stock No:
1MWIEA0012004
ISBN:
9781451827965
ISSN:
1934-7685

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