Malawi: Staff—Monitored Program

International Monetary Fund

No 2004/295, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Staff-Monitored Program (SMP) for Malawi. The authorities have requested staff monitoring of their macroeconomic program for the 2004/05 fiscal year (June–July) with a view to establishing a performance track record that could lead to a new Poverty Reduction and Growth Facility (PRGF) arrangement. The main objectives of the SMP will only be achieved if the approved 2004/05 (June–July) budget is in line with the agreed budget framework and the monetary overhang is addressed. Structural measures under the SMP will focus on public expenditure management.

Keywords: ISCR; CR; net; budget; GDP; Malawi; debt relief; spending target; RBM bill; budget framework; donor disbursement; unbudgeted spending; Debt relief; Budget planning and preparation; Public sector wages (search for similar items in EconPapers)
Pages: 52
Date: 2004-09-15
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