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Malawi Economic Monitor, May 2016 : Absorbing Shocks, Building Resilience.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accounting.
- Agriculture.
- Analysis of Economic Growth.
- Banking Sector.
- Bonds.
- Commercial Banks.
- Commodity Prices.
- Contracts.
- Currencies.
- Debt Management and Fiscal Sustainability.
- Debt Markets.
- Default.
- Developing Countries.
- Domestic Debt.
- Economic Conditions and Volatility.
- Economic Growth.
- Economic Management.
- Economic Statistics, Modeling and Forecasting.
- Equity.
- Exchange Rates.
- Expenditures.
- Exporters.
- Finance.
- Finance and Financial Sector Development.
- Financial Crisis.
- Financial Institutions.
- Financial Management.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Global Economy.
- Income Tax.
- Inflation.
- Insurance.
- Interest Rates.
- Investment Climate.
- Loans.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Price Volatility.
- Private Investment.
- Public Debt.
- Public Expenditure, Financial Management and Procurement.
- Public Investment.
- Public Sector Governance.
- Public Spending.
- Purchasing Power.
- Remittances.
- Risk Management.
- Tariffs.
- Taxes.
- Transparency.
- Local Subjects:
- Accounting.
- Agriculture.
- Analysis of Economic Growth.
- Banking Sector.
- Bonds.
- Commercial Banks.
- Commodity Prices.
- Contracts.
- Currencies.
- Debt Management and Fiscal Sustainability.
- Debt Markets.
- Default.
- Developing Countries.
- Domestic Debt.
- Economic Conditions and Volatility.
- Economic Growth.
- Economic Management.
- Economic Statistics, Modeling and Forecasting.
- Equity.
- Exchange Rates.
- Expenditures.
- Exporters.
- Finance.
- Finance and Financial Sector Development.
- Financial Crisis.
- Financial Institutions.
- Financial Management.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Global Economy.
- Income Tax.
- Inflation.
- Insurance.
- Interest Rates.
- Investment Climate.
- Loans.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Price Volatility.
- Private Investment.
- Public Debt.
- Public Expenditure, Financial Management and Procurement.
- Public Investment.
- Public Sector Governance.
- Public Spending.
- Purchasing Power.
- Remittances.
- Risk Management.
- Tariffs.
- Taxes.
- Transparency.
- Physical Description:
- 1 online resource (1 pages)
- Other Title:
- Malawi Economic Monitor, May 2016
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- This report consists of two parts: Part 1 presents a review of recent economic developments and a macroeconomic outlook. Part 2 focuses in greater depth on a special, selected topic relevant to Malawi's development prospects. This report focuses on agricultural risk management. Malawi is now set to suffer a second year of poor harvests due to the effects of a drought that is sweeping Southern Africa. This drought has had a serious impact both on the economy and on food security, requiring a major humanitarian response. The current situation underscores Malawi's serious need to improve the resilience of the agricultural sector and to develop a better system of risk management. With the country expected to continue to face climate-induced shocks into the future, it is vital that the Government considers how best to mitigate the impact of such shocks. In 2015 Malawi recorded a GDP growth rate of just 2.8 percent, with this low rate the result of both adverse weather conditions and macroeconomic instability. Flooding in southern districts followed by a countrywide drought resulted in a contraction in agricultural production. Maize, the key crop in terms of food security, recorded a 30.2 percent year-on-year drop in production. As a result, an estimated 2.8 million people (17 percent of the population) were unable to meet their 2015/16 food requirements.
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