LEADER 04575nam 2200637 450 001 9910463667203321 005 20200520144314.0 010 $a1-4755-1354-2 010 $a1-4755-7306-5 010 $a1-4755-7496-7 035 $a(CKB)2670000000530992 035 $a(EBL)1644047 035 $a(SSID)ssj0001220566 035 $a(PQKBManifestationID)11704494 035 $a(PQKBTitleCode)TC0001220566 035 $a(PQKBWorkID)11220836 035 $a(PQKB)11661448 035 $a(MiAaPQ)EBC1644047 035 $a(Au-PeEL)EBL1644047 035 $a(CaPaEBR)ebr10846155 035 $a(CaONFJC)MIL579002 035 $a(OCoLC)871781769 035 $a(EXLCZ)992670000000530992 100 $a20140320h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMalawi $ethird and fourth reviews under the extended credit facility arrangement, request for waivers for non-observance of performance criteria, extension of the arrangement, rephasing of disbursements, and modification of performance criteria-staff report, staff supplement, press release on the executive board discussion, and statement by the executive director for Malawi /$fInternational Monetary Fund 210 1$aWashington, District of Columbia :$cInternational Monetary Fund,$d2014. 210 4$dİ2014 215 $a1 online resource (116 p.) 225 1 $aIMF Country Report ;$vNumber 14/37 300 $aDescription based upon print version of record. 311 $a1-4755-7304-9 327 $aCover; CONTENTS; CONTEXT: FISCAL SCANDAL AND RISKS TO ECONOMIC RECOVERY; BOX; 1. Action Plan to Address Weaknesses in Public Financial Management Exposed by Fiscal Scandal; RECENT ECONOMIC DEVELOPMENTS AND PERFORMANCE UNDER THE PROGRAM; A. Recent Economic Developments and Near-Term Outlook; B. Performance Under the Program; POLICY DISCUSSIONS; A. Macroeconomic Framework; B. Fiscal Policy and Related Structural Reforms; C. Exchange Rate and Monetary Policies; D. Financial Sector Reforms; E. Business Climate and International Competitiveness; PROGRAM ISSUES; STAFF APPRAISAL; TABLES 327 $a1. Selected Economic Indicators, 2011-162a. Central Government Operations: 2010/11-2015/16, (Billions of kwacha); 2b. Central Government Operations: 2010/11-2015/16 (Percent of GDP); 2c. Central Government Operations: 2013/14; 3a. Monetary Authorities' Survey, 2011-16; 3b. Monetary Survey, 2011-16; 4a. Balance of Payments, 2011-16 (US millions); 4b. Balance of Payments, 2011-16 (Percent of GDP); 5. External Financing Requirement and Source, 2009-17; 6a. Original Schedule of Disbursements Under ECF Arrangement, 2012-15; 6b. Proposed Schedule of Disbursements Under ECF Arrangement, 2012-15 327 $a7. Indicators of Capacity to Repay the Fund, 2013-228a. Quantitative Targets (2012-13); 8b. Quantitative Targets (2013-14); 9a. Prior Actions and Structural Benchmarks, July 2012-Nov 2013; 9b. Prior Actions and Structural Benchmarks, Dec 2013-Sept 2014; 10. Risk Assessment Matrix; APPENDIX; I. Letter of Intent; I. Memorandum on Economic and Financial Policies; II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; JOINT MANAGERIAL ACTION PLAN; RELATIONS WITH THE AFRICAN DEVELOPMENT BANK GROUP; STATISTICAL ISSUES 330 $aEXECUTIVE SUMMARYDonors have suspended some aid disbursements to Malawi in response to a scandalinvolving the theft of public funds. A group of public servants exploited weaknesses in thecontrol environment of the government's Integrated Financial Management Information System(IFMIS) to make fraudulent payments to several entities that had not provided any goods orservices to the government. The authorities are implementing an Action Plan of remedialmeasures to prevent the recurrence of the fraud. Key elements of the action plan includestrengthening security and management of IFMIS, a forensic 410 0$aIMF country report ;$vNumber 14/37. 606 $aInternational economic relations 606 $aFinance, Public$xAccounting$xData processing$zIraq 606 $aFinance, Public$xAccounting$xInformation technology$zIraq 608 $aElectronic books. 615 0$aInternational economic relations. 615 0$aFinance, Public$xAccounting$xData processing 615 0$aFinance, Public$xAccounting$xInformation technology 676 $a337 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463667203321 996 $aMalawi$9844500 997 $aUNINA