Malawi: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi

International Monetary Fund

No 2015/345, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that bold economic reforms undertaken in mid-2012 in Malawi transformed the policy environment and greatly improved the outlook of the economy. Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively. The economic outlook remains difficult reflecting the negative impact of weather-related shocks, the ongoing suspension of budget support, persistently high inflation and weaker global demand which could hurt Malawi’s exports. Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015.

Keywords: ISCR; CR; fiscal policy; monetary policy slippage; authority; fuel import regime; FAD; monetary policy benefit; banking system; milestone reform; monetary policy architecture; government bank accounts; year-on-year inflation; Inflation; Budget planning and preparation; Balance of payments statistics; Global; Southern Africa (search for similar items in EconPapers)
Pages: 63
Date: 2015-12-18
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