Malawi Recent Economic Developments

This paper describes economic developments in Malawi during the 1990s. Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks. These shocks included two major droughts, a severe weakening in the terms of trade, and a suspension of donor nonhumanitarian aid owi...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Malawi 
653 |a Credit 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Currency 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Money 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Foreign Exchange 
653 |a International trade 
653 |a Exports 
653 |a Expenditures, Public 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Imports 
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520 |a This paper describes economic developments in Malawi during the 1990s. Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks. These shocks included two major droughts, a severe weakening in the terms of trade, and a suspension of donor nonhumanitarian aid owing to concern over governance. As a consequence, the average real GDP growth fell from 6 percent a year in 1989–91 to -3 percent a year in 1992–94. Savings and investment also fell considerably