Malawi: Economic Development Document

IMF Staff Country Reports, July 5, 2017

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Malawi: Economic Development Document

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Bibliographic details

• Published: July 5, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484307311.002

Executive summary and key findings

• The report presents an overview of Malawi’s Development Plan.
• Disappointing results with respect to implementation of Malawi Growth and Development Strategy II have triggered a qualified rethink in Malawi’s development planning process.
• There is a growing recognition that Malawi needs a more realistic development plan:
  • realistic underlying assumptions;
  • realistic assessment of resource availability;
  • fewer priorities; and
  • a greater emphasis on implementation.
• Climate change has become a major new factor in the development planning process.
• The recent formation of a quasi-independent National Development and Planning Commission is expected to help in improving the independence of the planning process in Malawi.

Policy implications and recommendations

• Recalibrate development planning assumptions to reflect realistic resource constraints.
• Narrow the scope of priorities to improve focus and implementation capacity.
• Strengthen implementation mechanisms and accountability to address past disappointing results.
• Integrate climate change considerations into planning and implementation, reflecting its emergence as a major factor.
• Leverage the quasi-independent National Development and Planning Commission to improve the independence and credibility of the planning process.

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• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)