Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi

IMF Staff Country Reports, December 20, 2021

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Canonical URL: Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi

Malawi is described as "a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks."
The economy "has been severely affected by the pandemic."
There are "signs of gradual recovery" and "daily COVID-19 positive cases remain relatively low."
Real GDP growth:
- "real GDP growth in 2021 is projected to pick up to 2.2 percent from 0.9 percent in 2020," helped by a good harvest.
Inflation:
- "inflation is expected to increase to 9 percent in 2021 from 8.6 percent in 2020," driven by increases in prices of fuel, fertilizer and food.
Welfare impact:
- The above dynamics are "leaving real per capita growth in the negative region."

Subjects: Central banks, Debt sustainability, Expenditure, External debt, International organization, International reserves, Monetary policy, Public debt
Keywords: Africa, Debt sustainability, financing gap, fiscal policy stance, fund advice, Global, governance issue, International reserves, private sector investment, soft commodity, Sub-Saharan Africa

International Monetary Fund. Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi.

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