Malawi: Recent Economic Developments

November 11, 1997

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Malawi: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed December 30, 2024

Summary

This paper examines economic developments in Malawi during 1993–97. Following a short recovery in 1993, Malawi’s financial situation deteriorated significantly in early 1994 as increasing problems of expenditure control ahead of its first multiparty elections and administrative problems in revenue collection led a large overall fiscal deficit mainly financed by the banking system. However, Malawi embarked, in early 1995, on an adjustment program designed to reestablish financial stability and set the basis for sustainable economic growth. Since then, the authorities’ efforts have led to a significant transformation of the Malawian economy.

Subject: Commercial banks, Credit, Expenditure, Exports, Financial institutions, Imports, International trade, Tariffs, Taxes

Keywords: Africa, Balance of payments, Commercial banks, CR, Debt service, Exchange rate, Export, Exports, GDP deflator, Imports, Inflation rate, ISCR, Malawi, Malawi kwacha, Private sector, Tariffs

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/107
Stock No:

1MWIEA0011997
ISBN:

9781451827927
ISSN:

1934-7685

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