## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/malawi-staff-report-for-the-2004-article-iv-consultation-17876)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/malawi-staff-report-for-the-2004-article-iv-consultation-17876/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/malawi-staff-report-for-the-2004-article-iv-consultation-17876/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/malawi-staff-report-for-the-2004-article-iv-consultation-17876/bundle-manifest.json)

## 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).*

---

## Content in this bundle

- **_cr04380**
  - [_cr04380 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04380.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr04380 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04380.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/malawi-staff-report-for-the-2004-article-iv-consultation-17876_