Malawi: Staff Report for the 2004 Article IV Consultation
December 6, 2004
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This 2004 Article IV Consultation highlights that Malawi's real GDP grew by an annual average of 3 percent in 2002–03. Agricultural production rebounded from the drought in 2001, but the 2004 harvest was affected by a drought. Macroeconomic imbalances, high interest rates, and infrastructure constraints have adversely affected the non-agricultural economy. Malawi’s performance under the Poverty Reduction and Growth Facility (PRGF) arrangement, approved in December 2000, was disappointing. The authorities have requested IMF staff to monitor their economic program to establish a track record that could lead to a new PRGF arrangement.
Subject: Asset and liability management, Budget planning and preparation, Debt relief, Expenditure, Fiscal policy, Food security, Poverty, Public financial management (PFM), Revenue administration
Keywords: broad money, budget, budget discipline, Budget planning and preparation, CR, current account, debt relief, Debt relief, exchange rate, Food security, government restructuring, inflation, ISCR, Malawi, product marketing company, Southern Africa
Pages:
67
Volume:
2004
DOI:
Issue:
380
Series:
Country Report No. 2004/380
Stock No:
1MWIEA0022004
ISBN:
9781451828009
ISSN:
1934-7685
