Malawi: Recent Economic Developments

August 26, 1996

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Malawi: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 23, 2024

Summary

This paper describes economic developments in Malawi during the 1990s. Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks. These shocks included two major droughts, a severe weakening in the terms of trade, and a suspension of donor nonhumanitarian aid owing to concern over governance. As a consequence, the average real GDP growth fell from 6 percent a year in 1989–91 to -3 percent a year in 1992–94. Savings and investment also fell considerably.

Subject: Credit, Expenditure, Exports, Foreign exchange, Imports, International trade, Money

Keywords: Africa, Balance of payments, CR, Credit, Debt service, Exchange rate, Exports, Foreign currency, Imports, ISCR, Malawi kwacha, Net profit, U.S. dollar

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/068
Stock No:

1MWIEA0011996
ISBN:

9781451827910
ISSN:

1934-7685

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