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...

This paper presents Malawi's First Review under the Staff-Monitored Program with Executive Board (PMB) Involvement. In light of a series of shocks, program performance was mixed. The authorities are taking corrective actions to establish a record of accomplishment of policy implementation,...

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...

This Selected Issues paper develops a framework to study the macroeconomic and distributional implications of alternative Farm Input Subsidy Program (FISP) reforms in Malawi. The FISP is one of the largest social expenditure items in Malawi, aimed at improving food security and reducing poverty....