Malawi: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria, Extension and Rephasing of the Arrangement, and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries
November 7, 2003
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Malawi has made satisfactory economic progress under the Poverty Reduction Growth Facility (PRGF) arrangement. Executive Directors commended fiscal consolidation, structural reforms, and monetary policy, and stressed the need to maintain macroeconomic stability. They welcomed the Malawi Poverty Reduction Strategy Paper, which is aimed to attain the Millennium Development Goals. They agreed that Malawi attained the successful completion of the first review under the PRGF arrangement and approved a waiver, extension of arrangement, and an interim assistance under the Heavily Indebted Poor Countries Debt Initiative.
Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Poverty, Poverty reduction strategy, Public financial management (PFM), Revenue administration
Keywords: anti-inflation strategy, Budget planning and preparation, control data, CR, exchange regime, Fiscal stance, government, ISCR, management buy-out, Poverty reduction strategy, PRGF arrangement, safeguards assessment report, Southern Africa, Treasury accounting officer
Pages:
93
Volume:
2003
DOI:
Issue:
344
Series:
Country Report No. 2003/344
Stock No:
1MWIEA0022003
ISBN:
9781451827996
ISSN:
1934-7685
