Malawi: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, December 6, 2004
Source details
- Canonical URL
- Malawi: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: December 6, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828009.002
Summary findings
- Real GDP grew by an annual average of 3 percent in 2002–03.
- Agricultural production rebounded from the drought in 2001, but the 2004 harvest was affected by a drought.
- Macroeconomic imbalances, high interest rates, and infrastructure constraints have adversely affected the non-agricultural economy.
- Malawi’s performance under the Poverty Reduction and Growth Facility (PRGF) arrangement, approved in December 2000, was disappointing.
- The authorities have requested IMF staff to monitor their economic program to establish a track record that could lead to a new PRGF arrangement.
Subject areas and keywords
- Subject: Asset and liability management; Budget planning and preparation; Debt relief; Expenditure; Fiscal policy; Food security; Poverty; Public financial management (PFM); Revenue administration
- Keywords: broad money; budget; budget discipline; Budget planning and preparation; CR; current account; debt relief; Debt relief; exchange rate; Food security; government restructuring; inflation; ISCR; Malawi; product marketing company; Southern Africa
International Monetary Fund. "Malawi: Staff Report for the 2004 Article IV Consultation", IMF Staff Country Reports 2004, 380 (2004).