Malawi: Debt Relief at the Heavily Indebted Poor Countries Initiative Completion Point and Under the Multilateral Debt Relief Initiative
December 11, 2006
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Malawi has made satisfactory progress in implementing its Poverty Reduction Strategy Paper (PRSP) for at least one year, and maintained satisfactory macroeconomic policies as evidenced by its performance under a program supported by the Poverty Reduction and Growth Facility (PRGF) over the last fiscal year 2005/2006. The completion point analysis shows the actual outturn to be 245 percent of exports. After additional voluntary bilateral debt relief, this ratio declines to 229 percent of exports. The paper assesses the sensitivity of debt indicators to changes in key economic variables.
Subject: Asset and liability management, Debt relief, Debt service, Exports, External debt, International trade, Public and publicly-guaranteed external debt
Keywords: Africa, annual debt service, completion point, CR, debt forgiveness, debt ratio, Debt relief, Debt service, discount rate, Exports, HIPC assistance, ISCR, Malawian authorities, Public and publicly-guaranteed external debt, real GDP
Pages:
75
Volume:
2006
DOI:
Issue:
420
Series:
Country Report No. 2006/420
Stock No:
1MWIEA2006004
ISBN:
9781451828139
ISSN:
1934-7685
