Malawi: Request for a One-Year Exogenous Shocks Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi
January 21, 2009
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This paper discusses a request from Malawi for a one-year exogenous shocks facility (ESF) arrangement to help it adjust to the large terms-of-trade shock it has suffered. Real GDP growth of Malawi has been high and is expected to remain solid. Inflation, though rising in recent months, is still moderate and is expected to ease over the medium term. The government’s near-term program aims to increase the import coverage of official gross reserves while preserving growth and food security. IMF staff supports the authorities’ request for a one-year high-access ESF arrangement.
Subject: Central Banks, Credit, Economic and financial statistics, Exports, Financial statistics, Imports, International reserves, International trade, Monetary statistics, Money
Keywords: balance of payments financing need, CR, Credit, Exports, fertilizer price, Financial statistics, Global, government, IMF's executive board, Imports, International reserves, ISCR, Malawi, Malawi authorities, terms of trade shock
Pages:
74
Volume:
2009
DOI:
Issue:
016
Series:
Country Report No. 2009/016
Stock No:
1MWIEA2009001
ISBN:
9781451828207
ISSN:
1934-7685
