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

• Record Nr.: UNINA9910788541803321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4623-2108-9; 1-4527-2419-9; 1-280-88516-5; 1-4518-8525-3; 9786613726476
• Descrizione fisica: 1 online resource (96 p.)
• Collana: IMF Staff Country Reports
• Soggetti: Poverty - Government policy - Malawi; Banks and Banking; Exports and Imports; Financial Risk Management; Public Finance; Statistics; Macroeconomics; International Lending and Debt Problems; Debt; Debt Management; Sovereign Debt; Current Account Adjustment; Short-term Capital Movements; National Government Expenditures and Related Policies: General; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; General Aggregative Models: General; International economics; Public finance & taxation; Finance; Banking; Econometrics & economic statistics; External debt; Debt relief; Domestic debt; Public debt; Balance of payments assistance; Asset and liability management; Public financial management (PFM); Debts, External; Debts, Public; Balance of payments; Finance, Public; Banks and banking; Expenditures, Public; Malawi Economic conditions; Malawi
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: 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
• Sommario/riassunto: 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.