Malawi: First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criterion, and Modification of Performance Criteria—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi

May 20, 2013

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Format: Chicago

Malawi: First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criterion, and Modification of Performance Criteria—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

This collection of papers reviews Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF). Drought conditions in parts of the country have dampened the near-term outlook for growth and have resulted in food insecurity for nearly 2 million inhabitants. The authorities have therefore implemented strong adjustment measures to address Malawi’s substantial external and internal imbalances. The IMF Executive Board has also decided to enable the immediate disbursement of an amount equivalent to SDR 13.02 million (about US$20 million), bringing total disbursements under the program to an amount equivalent to SDR 26.04 million (about US$40.1 million), which will help Malawi to accelerate growth under the ECF.

Subject: Central banks, Exchange rates, Expenditure, External debt, Foreign exchange, International reserves

Keywords: Authority, CR, Development partner, Exchange rates, Global, Government, Implementation of the Extended Credit Facility, International reserves, ISCR, Malawi authorities, Monetary policy, Net domestic assets, Restructuring plan

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/119
Stock No:

1MWIEA2013001
ISBN:

9781484324912
ISSN:

1934-7685

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