LEADER 08210oam 22016334 450 001 9910787863503321 005 20230803195419.0 010 $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(IMF)1MWIEE2014001 035 $a(IMF)1MWIEA2014001 035 $a(EXLCZ)992670000000530992 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMalawi : $eThird and Fourth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-observance of Performance Criteria, Extension of the Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (116 p.) 225 1 $aIMF Staff Country Reports 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 3 $aThis Supplement Information focuses on recent developments regarding the Malawi government?s response to the recent fiscal scandal and on the implementation of two remaining prior actions. The IMF staff welcomes the continued progress in implementing remedial actions to address the recent fraud and actions by the authorities toward meeting the end-December 2013 quantitative targets. The IMF staff also welcomes the interim forensic audit report. Although it did not contain all the information sought by the IMF staff, it had enough to assure the IMF staff that the remedial measures being implemented by the authorities to strengthen system controls and financial management are in the right areas. Some risks remain. It will be important to cautiously implement the fiscal spending program to preserve buffers, lest the final audit reveal slightly larger fund misappropriation. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/037 606 $aInternational economic relations 606 $aFinance, Public$xAccounting$xData processing$zIraq 606 $aFinance, Public$xAccounting$xInformation technology$zIraq 606 $aBanks and Banking$2imf 606 $aBudgeting$2imf 606 $aExports and Imports$2imf 606 $aPublic Finance$2imf 606 $aStatistics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aData Collection and Data Estimation Methodology$2imf 606 $aComputer Programs: Other$2imf 606 $aCurrent Account Adjustment$2imf 606 $aShort-term Capital Movements$2imf 606 $aPublic finance & taxation$2imf 606 $aInternational economics$2imf 606 $aBanking$2imf 606 $aBudgeting & financial management$2imf 606 $aEconometrics & economic statistics$2imf 606 $aManagement accounting & bookkeeping$2imf 606 $aMonetary economics$2imf 606 $aPublic financial management (PFM)$2imf 606 $aBudget planning and preparation$2imf 606 $aExpenditure$2imf 606 $aExternal debt$2imf 606 $aPublic debt$2imf 606 $aBalance of payments statistics$2imf 606 $aEconomic and financial statistics$2imf 606 $aDebts, External$2imf 606 $aFinance, Public$2imf 606 $aBudget$2imf 606 $aBanks and banking$2imf 606 $aExpenditures, Public$2imf 606 $aFinance$2imf 606 $aDebts, Public$2imf 607 $aMalawi$2imf 615 0$aInternational economic relations. 615 0$aFinance, Public$xAccounting$xData processing 615 0$aFinance, Public$xAccounting$xInformation technology 615 7$aBanks and Banking 615 7$aBudgeting 615 7$aExports and Imports 615 7$aPublic Finance 615 7$aStatistics 615 7$aMoney and Monetary Policy 615 7$aNational Government Expenditures and Related Policies: General 615 7$aInternational Lending and Debt Problems 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aNational Budget 615 7$aBudget Systems 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aData Collection and Data Estimation Methodology 615 7$aComputer Programs: Other 615 7$aCurrent Account Adjustment 615 7$aShort-term Capital Movements 615 7$aPublic finance & taxation 615 7$aInternational economics 615 7$aBanking 615 7$aBudgeting & financial management 615 7$aEconometrics & economic statistics 615 7$aManagement accounting & bookkeeping 615 7$aMonetary economics 615 7$aPublic financial management (PFM) 615 7$aBudget planning and preparation 615 7$aExpenditure 615 7$aExternal debt 615 7$aPublic debt 615 7$aBalance of payments statistics 615 7$aEconomic and financial statistics 615 7$aDebts, External 615 7$aFinance, Public 615 7$aBudget 615 7$aBanks and banking 615 7$aExpenditures, Public 615 7$aFinance 615 7$aDebts, Public 676 $a337 801 0$bDcWaIMF 906 $aBOOK 912 $a9910787863503321 996 $aMalawi$9844500 997 $aUNINA