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240607 ||| eng |
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|a 9798400259302
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| 245 |
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|a Malawi
|b Second Review Under the Staff-Monitored Program with Executive Board Involvement and Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 141 pages
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| 651 |
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4 |
|a Malawi
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| 653 |
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|a Public debt
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| 653 |
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|a Debt service
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Currency; Foreign exchange
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| 653 |
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|a Debts, Public
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| 653 |
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|a Exports and Imports
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a External debt
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| 653 |
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|a International organization
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| 653 |
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|a Central banks
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a International institutions
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| 653 |
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|a International Economics
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| 653 |
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|a Banking
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Foreign exchange
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| 653 |
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|a International Agreements and Observance
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| 653 |
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|a Foreign exchange reserves
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| 653 |
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|a International Organizations
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| 653 |
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|a Monetary economics
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| 653 |
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|a International agencies
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| 653 |
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|a Debt Management
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a International economics
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| 653 |
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|a Debts, External
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a International reserves
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary policy
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| 653 |
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|a Statistics
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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| 710 |
2 |
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|a International Monetary Fund
|b African Dept
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 028 |
5 |
0 |
|a 10.5089/9798400259302.002
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2023/375/002.2023.issue-375-en.xml?cid=541708-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper discusses Malawi’s Second Review under the Staff-Monitored Program with Executive Board Involvement (PMB) and Request for an Arrangement under the Extended Credit Facility (ECF). Malawi continues to face a challenging macroeconomic environment. Years of unsustainable domestic and external borrowing and the adverse impact of multiple external shocks have resulted in the widening of macroeconomic imbalances, including protracted balance of payment needs. The ECF-supported program will support the authorities’ macroeconomic adjustment and reform agenda aimed at restoring macroeconomic stability, building a foundation for inclusive and sustainable growth, and addressing weaknesses in governance. Further delays in the restructuring of Malawi’s external debt would put at risk macroeconomic stabilization. The risks of moving forward with the ECF arrangement without an agreement in principle between the Malawian authorities and their commercial creditors are significant. IMF staff assesses that the PMB remains on track to achieve its objectives. It supports the authorities’ request for the ECF arrangement, conditional upon receipt of financing assurances
|