Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi

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Publisher : International Monetary Fund
ISBN 13 : 1616354887
Total Pages : 112 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi by : International Monetary

Download or read book Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-20 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain relatively low: real GDP growth in 2021 is projected to pick up to 2.2 percent from 0.9 percent in 2020 helped by a good harvest. However, inflation is expected to increase to 9 percent in 2021 from 8.6 percent in 2020, driven by increases in prices of fuel, fertilizer and food, leaving real per capita growth in the negative region.

Malawi

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Malawi by :

Download or read book Malawi written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513593897
Total Pages : 63 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Malawi by : International Monetary Fund. African Dept.

Download or read book Malawi written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-12-18 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that bold economic reforms undertaken in mid-2012 in Malawi transformed the policy environment and greatly improved the outlook of the economy. Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively. The economic outlook remains difficult reflecting the negative impact of weather-related shocks, the ongoing suspension of budget support, persistently high inflation and weaker global demand which could hurt Malawi’s exports. Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015.

Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste

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Publisher : International Monetary Fund
ISBN 13 : 1513593250
Total Pages : 84 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste by : International Monetary

Download or read book Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-14 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.

Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea

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Publisher : International Monetary Fund
ISBN 13 : 151358779X
Total Pages : 111 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea by : International Monetary

Download or read book Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-06 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the non-mining sector was severely impacted by the COVID-19 crisis, overall growth in Guinea remains strong, reaching 7 percent in 2020, driven by booming mining production. Inflation exceeded 12 percent as a result of COVID-related supply disruptions and the ongoing monetary and fiscal response. The already weak social indicators have deteriorated further.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513544470
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Malawi by : International Monetary Fund. African Dept.

Download or read book Malawi written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2020-05-15 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Malawi’s Request for Disbursement Under the Rapid Credit Facility (RCF). The coronavirus disease 2019 pandemic is having a severe impact on Malawi, creating an urgent balance of payments need. The authorities have been proactive in mitigating the impact of the pandemic, including through increased spending on health care and social assistance, supporting small and medium enterprises, bolstering farmers’ incomes and ensuring food security through purchase and storage of agricultural harvests, and easing liquidity constraints in the banking system. The IMF’s emergency financing under the RCF is expected to help the authorities meet the large external financing gap and catalyze further assistance from the international community. Additional concessional donor support will be critical to close the remaining external financing gap and facilitate the needed interventions to ease the economic and social impacts of the pandemic, while preserving Malawi’s hard-earned macroeconomic stability. A widening of the budget deficit is appropriate in the near-term, given the fiscal costs associated with the economic slowdown and critical additional health care and social spending needs, which should be executed transparently and targeted to the most affected parts of society.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451828179
Total Pages : 93 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Malawi by : International Monetary Fund

Download or read book Malawi written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-05-03 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2006 Article IV Consultation highlights that Malawi is at a critical juncture following its progress on macroeconomic stability, attainment of the Heavily Indebted Poor Countries (HIPC) completion point in August 2006, and the recent launch of the Malawi Growth and Development Strategy, which outlines an ambitious agenda of structural reform to enhance growth and reduce poverty. This paper focuses on the three key challenges facing Malawi over the medium term, which frame macroeconomic policy over the near term.

Zimbabwe: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Zimbabwe: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe by : International Monetary

Download or read book Zimbabwe: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-08 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zimbabwe experienced severe exogenous shocks (cyclone Idai, protracted drought, and the COVID-19 pandemic) during 2019-20, which along with policy missteps in 2019, led to a deep recession and high inflation. Real GDP contracted cumulatively by 11.7 percent during 2019-20 and inflation reached 837 percent (y/y) by July 2020. Reflecting good rainfall and relaxation of containment measures, real GDP rose by 6.3 percent in 2021. A tighter policy stance since mid-2020 (relative to 2019) has contributed to reducing inflation to 60.7 percent (y/y) at end-2021. However, high double-digit inflation and wide parallel foreign exchange (FX) market premia persist. The economic downturn and high inflation increased the financial system vulnerabilities. Extreme poverty has risen and about a third of the population is at risk of food insecurity. The international community seeks improvements in domestic political conditions and economic policies to initiate reengagement with Zimbabwe. The authorities have started token payments to external creditors in a bid to revive international reengagement.

Malawi

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Malawi by : International Monetary Fund. African Dept.

Download or read book Malawi written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-31 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malawi has been affected by a series of shocks— including an outbreak of cholera and Cyclone Freddy, which caused significant loss of life and damage to infrastructure—since the approval of the Staff-Monitored Program with Executive Board Involvement (PMB) on November 11, 2022, and the disbursement of $88.3 million in emergency financing under the Food Shock Window of the Rapid Credit Facility on November 21, 2022. In this context, growth has been weaker and inflation higher than expected. The fiscal deficit in FY2022/23 (April/March) was larger than expected at the time of the PMB. Meanwhile, external strains—including shortage of foreign exchange, difficulties securing trade credit, and a widening spread between official and bureau exchange rates—have heightened. Despite a sharp reduction in the current account deficit, accumulation of foreign exchange reserves has been slower than expected, implying an increase in informal trade.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475509731
Total Pages : 140 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Malawi by : International Monetary Fund

Download or read book Malawi written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-03 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Malawian economy is slowly recovering, thanks to corrective measures such as the floating exchange rate regime and liberated current account transactions. Stringent fiscal discipline, restrained monetary policies, and boosting of international reserves have been suggested as measures for controlling inflation and stabilizing the macroeconomy. Operation power and freedom for results-based management (RBM) and implementation of Malawi Growth and Development Strategy II (MGDS-II) are also suggested by the Executive Board. Measures to ensure revenue gain concurrent with spending have also been recommended.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 121 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Malawi by : International Monetary Fund. African Dept.

Download or read book Malawi written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2022-11-23 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange shortages together with exchange rate misalignment led to a sharp decline in imports including fuel, fertilizer, medicine, and food. Large fiscal deficits, nearly 10 percent of GDP in FY2021/22, have been largely financed by domestic bank borrowing, resulting in rapid money growth and inflation of 25.9 percent in September 2022. Exchange rate pass-through and hikes in food prices added to inflationary pressure. In addition, food insecurity in Malawi has increased dramatically under the impact of multiple tropical storms, below-average crop production, and increasing prices for food and agricultural inputs such as fertilizer and seeds. The latter are expected to affect the current planting season. As a result of these factors, about 20 percent of the population is projected to be acutely food insecure during the upcoming 2022/23 lean season (October 2022-March 2023), more than twice as many as in 2021.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145273061X
Total Pages : 100 pages
Book Rating : 4.4/5 (527 download)

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Book Synopsis Malawi by : International Monetary Fund

Download or read book Malawi written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-02-20 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Malawi showed good economic performance under the Poverty Reduction and Growth Facility Arrangement, its poverty rate remained high. Executive Directors stressed the need to improve fiscal and monetary stances, and accelerate structural reforms. They appreciated the 10-point plan to improve budget management, and emphasized the need to sustain the soundness of the banking system. Directors agreed for further concessional assistance and urged the authorities to sustain efforts to improve data collection and dissemination, particularly in the area of fiscal statistics.

Sustainable Development in Post-Pandemic Africa

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Publisher : Taylor & Francis
ISBN 13 : 1000755363
Total Pages : 198 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Sustainable Development in Post-Pandemic Africa by : Fred Olayele

Download or read book Sustainable Development in Post-Pandemic Africa written by Fred Olayele and published by Taylor & Francis. This book was released on 2022-10-21 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy. Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.

Exchange rates, remittances, and competitiveness in Haiti

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4./5 ( download)

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Book Synopsis Exchange rates, remittances, and competitiveness in Haiti by : Díaz-Bonilla, Eugenio

Download or read book Exchange rates, remittances, and competitiveness in Haiti written by Díaz-Bonilla, Eugenio and published by Intl Food Policy Res Inst. This book was released on 2021-06-16 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exchange rate (ER) is one of the most important macroeconomic variables in the economy, defining the price of the domestic currency in relation to a foreign currency or currencies. The level and changes (both actual and expected) of the ER (nominal and real, defined below) have wide influence throughout the economy, affecting and being affected by the demand and supply of traded and nontraded goods and services, the demand and supply of money and monetary assets denominated in local currency in comparison with assets denominated in other currencies, and inflows or outflows of capitals and remittances, among main key variables. In consequence, the ER and ER policies influence growth, employment, inflation, international trade, and banking and fiscal stability (a classical general treatment can be found in Krueger 1983; see also Corden 1990).

Republic of Mozambique

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Publisher : International Monetary Fund
ISBN 13 : 1498319998
Total Pages : 66 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Republic of Mozambique by : International Monetary Fund. African Dept.

Download or read book Republic of Mozambique written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-06-18 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mozambique’s economic situation had been improving until Tropical Cyclone Idai and Kenneth hit the country in March and April, respectively. Economic growth was recovering gradually and becoming broader based, and inflation reached low single digits. Economic activity is expected to decelerate sharply in 2019 due to the supply shock to productive capacity, but it should rebound to pre-cyclone levels by 2020. In April, the IMF Executive Board approved US$118 million in emergency assistance under the Rapid Credit Facility (RCF). The authorities are committed to macroeconomic stability while fostering inclusive growth and addressing governance challenges.

Zimbabwe

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Publisher : International Monetary Fund
ISBN 13 : 1475568231
Total Pages : 98 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Zimbabwe by : International Monetary Fund. African Dept.

Download or read book Zimbabwe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-05-04 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses recent developments, outlook, and risks related to the economy of Zimbabwe. Zimbabwe’s economic difficulties have deepened. GDP growth slowed significantly to 1.1 percent in 2015, mainly because of the impact of adverse weather conditions on agricultural output, and power generation. The current account balance improved in 2015, because of lower prices for oil imports, subdued economic activity, and fiscal consolidation efforts. Fiscal performance in 2015 was better than programmed, despite the adverse macroeconomic environment. Despite spending pressures to mitigate the impact of the drought, the authorities remain committed to fiscal discipline; they target a primary cash deficit of 0.2 percent of GDP for 2016.

Malawi

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Publisher :
ISBN 13 :
Total Pages : 79 pages
Book Rating : 4.:/5 (823 download)

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Book Synopsis Malawi by : International Monetary Fund

Download or read book Malawi written by International Monetary Fund and published by . This book was released on 2002 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: