Malawi

EXECUTIVE SUMMARYDonors have suspended some aid disbursements to Malawi in response to a scandalinvolving the theft of public funds. A group of public servants exploited weaknesses in thecontrol environment of the government's Integrated Financial Management Information System(IFMIS) to make fraudulent payments to several entities that had not provided any goods orservices to the government. The authorities are implementing an Action Plan of remedialmeasures to prevent the recurrence of the fraud. Key elements of the action plan includestrengthening security and management of IFMIS, a forensic

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Year of publication:	2014
Authors:	African Dept., International Monetary Fund
Publisher:	Washington : International Monetary Fund
Subject:	Entwicklung \| Economic development \| Malawi \| Wirtschaftslage \| Macroeconomic performance

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Extent:	Online-Ressource (116 p)
Series:	IMF Country Report ; Number 14/37 IMF Staff Country Reports
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; CONTENTS; CONTEXT: FISCAL SCANDAL AND RISKS TO ECONOMIC RECOVERY; BOX; 1. Action Plan to Address Weaknesses in Public Financial Management Exposed by Fiscal Scandal; RECENT ECONOMIC DEVELOPMENTS AND PERFORMANCE UNDER THE PROGRAM; A. Recent Economic Developments and Near-Term Outlook; B. Performance Under the Program; POLICY DISCUSSIONS; A. Macroeconomic Framework; B. Fiscal Policy and Related Structural Reforms; C. Exchange Rate and Monetary Policies; D. Financial Sector Reforms; E. Business Climate and International Competitiveness; PROGRAM ISSUES; STAFF APPRAISAL; TABLES 1. Selected Economic Indicators, 2011-162a. Central Government Operations: 2010/11-2015/16, (Billions of kwacha); 2b. Central Government Operations: 2010/11-2015/16 (Percent of GDP); 2c. Central Government Operations: 2013/14; 3a. Monetary Authorities' Survey, 2011-16; 3b. Monetary Survey, 2011-16; 4a. Balance of Payments, 2011-16 (US millions); 4b. Balance of Payments, 2011-16 (Percent of GDP); 5. External Financing Requirement and Source, 2009-17; 6a. Original Schedule of Disbursements Under ECF Arrangement, 2012-15; 6b. Proposed Schedule of Disbursements Under ECF Arrangement, 2012-15 7. Indicators of Capacity to Repay the Fund, 2013-228a. Quantitative Targets (2012-13); 8b. Quantitative Targets (2013-14); 9a. Prior Actions and Structural Benchmarks, July 2012-Nov 2013; 9b. Prior Actions and Structural Benchmarks, Dec 2013-Sept 2014; 10. Risk Assessment Matrix; APPENDIX; I. Letter of Intent; I. Memorandum on Economic and Financial Policies; II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; JOINT MANAGERIAL ACTION PLAN; RELATIONS WITH THE AFRICAN DEVELOPMENT BANK GROUP; STATISTICAL ISSUES
ISBN:	978-1-4755-7304-6 ; 978-1-4755-7496-8 ; 978-1-4755-7304-6
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012677967