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Malawi: Poverty Reduction Strategy-Annual Progress Report: Joint Staff Advisory Note

International Monetary Fund

No 2005/279, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Annual Progress Report on Malawi’s Poverty Reduction Strategy. Malawi could not reach its macroeconomic targets owing mainly to expansionary fiscal policies, which resulted in higher-than-envisaged domestic debt, interest rates, and inflation. The authorities aim to reduce the government’s domestic debt to free fiscal resources for development expenditures and ease credit costs for private sector-led growth. The University of Malawi undertook several activities meant to increase access and equity and to reduce reliance on government subventions.

Keywords: ISCR; CR; government; APR; government plan; policy; administration; authorities' strategy; government subvention; government's intention; authorities' effort; APR note; Domestic debt; Budget planning and preparation (search for similar items in EconPapers)
Pages: 7
Date: 2005-08-10
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