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Malawi [electronic resource] : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-Observance of Performance Criteria, Extensions of the Arrangement, Modification of Performance Criterion, and Rephasing of Disbursements-Staff Report; Press Release; and Statement by the Executive Director for Malawi.

Author/Creator:
International Monetary Fund. African Dept.
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 15/83.
IMF Staff Country Reports; Country Report No. 15/83.
Format/Description:
Government document
Book
1 online resource (121 p.)
Local subjects:
Debt sustainability analysis. (search)
Economic indicators. (search)
Extended Credit Facility. (search)
Financial management. (search)
Fiscal reforms. (search)
Letters of Intent. (search)
Monetary policy. (search)
Performance criteria modifications. (search)
Performance criteria waivers. (search)
Phasing of purchases. (search)
Press releases. (search)
Staff Reports. (search)
Malawi. (search)
Summary:
This paper discusses Malawi’s Fifth and Sixth Reviews Under the Extended Credit Facility (ECF) Arrangement, Request for Waivers for Non-observance of Performance Criteria (PCs), Extension of the Arrangement, Modification of PCs, and Rephasing of Disbursements. Program implementation was uneven given external financing shortfalls with several PCs not being observed. Three out of seven PCs for the fifth review were not met, including the continuous PC on the contracting of nonconcessional external loans. The new authorities are firmly committed to the core policies and objectives of the original ECF-supported program. Program discussions focused on key policy actions to address these challenges and bring the program back on track.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund. African Dept.
Other format:
Print Version:
ISBN:
1475521006:
9781475521009
ISSN:
1934-7685
Publisher Number:
10.5089/9781475521009.002
Access Restriction:
Restricted for use by site license.
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