Malawi: Staff—Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 295

Publication date: September 2004

ISBN: 9781451827965

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Public Finance , ISCR , CR , net , budget , GDP , Malawi , debt relief , spending target , RBM bill , budget framework , donor disbursement , unbudgeted spending , Debt relief , Budget planning and preparation , Public sector wages

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Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper examines the Staff-Monitored Program (SMP) for Malawi. The authorities have requested staff monitoring of their macroeconomic program for the 2004/05 fiscal year (June–July) with a view to establishing a performance track record that could lead to a new Poverty Reduction and Growth Facility (PRGF) arrangement. The main objectives of the SMP will only be achieved if the approved 2004/05 (June–July) budget is in line with the agreed budget framework and the monetary overhang is addressed. Structural measures under the SMP will focus on public expenditure management.