{
  "title": "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",
  "publication": "IMF Staff Country Reports, January 21, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/malawi-request-for-a-one-year-exogenous-shocks-facility-arrangement-staff-report-press-22629",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Request and Purpose",
      "content": "- Malawi requested a one-year exogenous shocks facility (ESF) arrangement to help adjust to a large terms-of-trade shock it has suffered.\n- The ESF arrangement sought is described as a \"one-year high-access ESF arrangement.\""
    },
    {
      "heading": "Economic context and outlook",
      "content": "- Real GDP growth of Malawi has been high and is expected to remain solid.\n- Inflation has been rising in recent months but is still moderate and is expected to ease over the medium term.\n- The shock is characterized in terms of \"terms of trade shock.\""
    },
    {
      "heading": "Government near-term program objectives",
      "content": "- The government’s near-term program aims to increase the import coverage of official gross reserves while preserving growth and food security."
    },
    {
      "heading": "IMF staff assessment and recommendation",
      "content": "- IMF staff supports the authorities’ request for a one-year high-access ESF arrangement."
    },
    {
      "heading": "Key publication and metadata",
      "content": "- Pages: 74\n- Volume: 2009\n- Issue: 016\n- Series: Country Report No. 2009/016\n- DOI: https://doi.org/10.5089/9781451828207.002\n- Stock No: 1MWIEA2009001\n- ISBN: 9781451828207\n- ISSN: 1934-7685\n- Publication date on landing page: January 21, 2009\n- Subject: Central Banks, Credit, Economic and financial statistics, Exports, Financial statistics, Imports, International reserves, International trade, Monetary statistics, Money\n- 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\n\nSource: 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 (IMF Staff Country Reports, 2009, 016).\n\n---\n\n Content in this bundle\n\n- cr0916\n  - cr0916 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0916 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 21, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828207.002",
    "Malawi requested a one-year exogenous shocks facility (ESF) arrangement to help adjust to a large terms-of-trade shock it has suffered.",
    "The ESF arrangement sought is described as a \"one-year high-access ESF arrangement.\"",
    "Real GDP growth of Malawi has been high and is expected to remain solid.",
    "Inflation has been rising in recent months but is still moderate and is expected to ease over the medium term.",
    "The shock is characterized in terms of \"terms of trade shock.\"",
    "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.",
    "Pages: 74",
    "Volume: 2009",
    "Issue: 016",
    "Series: Country Report No. 2009/016",
    "DOI: https://doi.org/10.5089/9781451828207.002",
    "Stock No: 1MWIEA2009001",
    "ISBN: 9781451828207",
    "ISSN: 1934-7685",
    "Publication date on landing page: January 21, 2009",
    "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",
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