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, January 21, 2009
Source details
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- 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
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Bibliographic details
- Published: January 21, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828207.002
Request and Purpose
- 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."
Economic context and outlook
- 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."
Government near-term program objectives
- The government’s near-term program aims to increase the import coverage of official gross reserves while preserving growth and food security.
IMF staff assessment and recommendation
- IMF staff supports the authorities’ request for a one-year high-access ESF arrangement.
Key publication and metadata
- 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
Source: 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).