Malawi : Fourth and Fifth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waivers of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/003

IMF Staff Country Reports

Language:

English

Subjects (All):

Poverty--Government policy--Malawi.

Poverty.

Malawi--Economic conditions.

Malawi.

Physical Description:

1 online resource (96 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

Progress on fiscal policy during 2006/07 in Malawi was slower than expected. The 2006/07 (July-June) fiscal strategy focused on reducing domestic debt. In the third Poverty Reduction and Growth Facility (PRGF) review, the end-June target for domestic debt repayments was increased substantially. Domestic borrowing exceeded the adjusted target at end-December 2006 by MK 4.1 billion (0.9 percent of GDP). The government partially redressed this overrun by curtailing discretionary spending in the fourth quarter, as the scale of the end-December overrun became clear.

Contents:

Cover; Contents; Executive Summary; I. Overview; II. Fiscal Policy; A. Adjusting Fiscal Plans in 2006/07; B. Judiciously Expanding Spending in 2007/08; C. Strengthening PFM; III. Monetary, Exchange Rate, and Financial Sector Policy; A. Cementing Stability; B. Strengthening Financial Markets; IV. Economic Policies for 2008/09; V. Staff Appraisal; Figure; 1. Selected Economic Indicators; Tables; 1a. Selected Economic Indicators, 2005-09; 1b. Selected Economic Indicators on a Fiscal Year Basis, 2004/05-2009/10; 2a. Central Government Operations, 2006/07

2b. Central Government Operations, 2007/082c. Central Government Operations, 2002/03-2009/10; 2d. Central Government Operations, 2002/03-2009/10 (percent of GDP); 3a. Monetary Authorities' Balance Sheet, 2005-08; 3b. Monetary Survey, 2005-07; 4a. Balance of Payments, 2005-09; 4b. Gross Financing Requirements and Sources of Financing, 2005-09; 5a. Quantitative Targets, September 2006-June 2007; 5b. Quantitative Targets, September 2007-June 2008; 5c. Proposed Structural Performance Criteria and Benchmarks, June 2006-June 2007; 6. Schedule of Disbursements Under the Three-Year PRGF Arrangement

Appendix Letter of Intent; Attachment I-Supplement to the Memorandum of Economic and Financial Policies; Table 1. Quantitative Targets; Table 2. Proposed Structural Performance Criteria and Benchmarks, June 2006-June 2007; Attachment II-Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. Relations with the World Bank Group; III. Statistical Issues

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9786613726476

9781462321087

1462321089

9781452724195

1452724199

9781280885167

1280885165

9781451885255

1451885253

OCLC:

535147023