1.

Record Nr.

UNINA9910821272503321

Titolo

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

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

Edizione

[1st ed.]

Descrizione fisica

1 online resource (96 p.)

Collana

IMF Staff Country Reports

Disciplina

332.152

Soggetti

Poverty - Government policy - Malawi

Asset and liability management

Balance of payments assistance

Balance of payments

Banking

Banks and Banking

Banks and banking

Banks

Current Account Adjustment

Debt Management

Debt relief

Debt

Debts, External

Debts, Public

Depository Institutions

Domestic debt

Econometrics & economic statistics

Expenditures, Public

Exports and Imports

External debt

Finance

Finance, Public

Financial Risk Management

General Aggregative Models: General



International economics

International Lending and Debt Problems

Macroeconomics

Micro Finance Institutions

Mortgages

National Government Expenditures and Related Policies: General

Public debt

Public finance & taxation

Public Finance

Public financial management (PFM)

Short-term Capital Movements

Sovereign Debt

Statistics

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.