Malawi Economic Monitor, May 2016

This report consists of two parts: Part 1 presents a review of recent economic developments and a macroeconomic outlook. Part 2 focuses in greater depth on a special, selected topic relevant to Malawi's development prospects. This report focuses on agricultural risk management. Malawi is now set to suffer a second year of poor harvests due to the effects of a drought that is sweeping Southern Africa. This drought has had a serious impact both on the economy and on food security, requiring a major humanitarian response. The current situation underscores Malawi's serious need to improve the resilience of the agricultural sector and to develop a better system of risk management. With the country expected to continue to face climate-induced shocks into the future, it is vital that the Government considers how best to mitigate the impact of such shocks. In 2015 Malawi recorded a GDP growth rate of just 2.8 percent, with this low rate the result of both adverse weather conditions and macroeconomic instability. Flooding in southern districts followed by a countrywide drought resulted in a contraction in agricultural production. Maize, the key crop in terms of food security, recorded a 30.2 percent year-on-year drop in production. As a result, an estimated 2.8 million people (17 percent of the population) were unable to meet their 2015/16 food requirements.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Lilongwe, Malawi 2016-05
Subjects:	MONETARY POLICY, HOLDING, FOREIGN DEBT, ACCOUNTING, REAL INTEREST RATES, VALUATION, INTEREST, OPTION, ECONOMIC DEVELOPMENTS, DOMESTIC MARKET, DEVELOPING COUNTRIES, EXPORTERS, REVENUES, FISCAL POLICY, CAPITAL ADEQUACY, BORROWERS, GOVERNMENT SUPPORT, INFORMATION SYSTEMS, TREASURY BILL, INSTRUMENTS, OIL PRICES, LEVEL OF RISK, CURRENCY, GOVERNMENT POLICY, DOMESTIC CURRENCY, LEVEL OF CONFIDENCE, RESERVE BANK, CONTRACTUAL RELATIONSHIP, DEBTS, EXCHANGE RATES, INTEREST RATE VOLATILITY, CREDIT RISKS, RECURRENT EXPENDITURES, MONETARY FUND, FINANCIAL INSTITUTIONS, DEBT, INFLATIONARY PRESSURE, MARKETS, INFLATION RATE, SETTLEMENT, BUDGET DEFICIT, ZERO COUPON BONDS, INCOME LEVELS, DOMESTIC DEBT, COUPON BONDS, BORROWING COSTS, DEBT SERVICE, RECURRENT EXPENDITURE, COMMODITY PRICE, MACROECONOMIC STABILIZATION, BANKING SECTOR, FISCAL DEFICIT, TRANSACTIONS, EMERGING MARKETS, MACROECONOMIC ENVIRONMENT, MACROECONOMIC INSTABILITY, INTEREST PAYMENTS, GOOD, GLOBAL MARKET, GOVERNMENT INTERVENTIONS, DOMESTIC MARKETS, TRANSPARENCY, FUTURE, MARKET PRICES, FISCAL BURDEN, GOVERNMENT EXPENDITURE, BORROWING REQUIREMENT, PRICE CHANGES, DISBURSEMENTS, ISSUANCE, LOCAL CURRENCY, MARKET RISK, MONETARY POLICIES, RISK MANAGEMENT SYSTEM, EXPORTER, PUBLIC DEBT, TREASURY, TREASURY NOTES, CREDIT RISK, INFLATION RATES, INSURANCE, CURRENCIES, PRICE RISKS, COMMERCIAL BANKS, COUPON, LENDING, LIQUIDITY RATIO, PUBLIC SECTOR DEBT, FISCAL DISCIPLINE, PUBLIC SPENDING, REMITTANCES, COMMODITY PRICES, LIABILITIES, ARREARS, CASH FLOW, LOSS OF REVENUE, DEBT RELIEF, INVESTING, RISK MANAGEMENT SYSTEMS, TARIFFS, DEFICIT, GOVERNMENT EXPENDITURES, MARKET DISTORTIONS, BOND HOLDERS, FINANCIAL MANAGEMENT, BANK RATE, STOCK, FISCAL DEFICITS, DOMESTIC BORROWING, ZERO COUPON, DEBT STOCK, INTEREST RATE, EXCHANGE, LIQUIDITY, NON- PERFORMING LOANS, REAL INTEREST, FINANCIAL STATEMENTS, BONDS, DISCOUNT, PRIME LENDING RATE, PUBLIC SECTOR BORROWING, TAX, INCOME TAX, CASH TRANSFER, NON-PERFORMING LOANS, RESERVE, BENEFICIARIES, CREDITORS, INFLATION, ENABLING ENVIRONMENT, SAFETY NETS, BUDGET, MACROECONOMIC STABILITY, FAIR PRICES, GLOBAL ECONOMY, AGRICULTURAL COMMODITIES, DISBURSEMENT, PRICE VOLATILITY, CONTRACTS, INFLATIONARY PRESSURES, IMPORT COSTS, TRADING, INTEREST RATES, PRIVATE INVESTMENT, DEFICITS, RETURN, LOANS, RESERVES, FINANCE, RETURN ON ASSETS, FOREIGN CURRENCY, MARKET PRICE, PUBLIC INVESTMENT, TAXES, PRICE CHANGE, EXPENDITURE, EQUITY, FOREIGN EXCHANGE RESERVES, COUPONS, FINANCIAL CRISIS, FOREIGN FINANCING, PENSIONS, RETURNS, BUDGETS, PURCHASING POWER, INVESTOR CONFIDENCE, SAFETY NET, CONTRACT, GOVERNMENT REVENUE, EXPENDITURES, AMORTIZATION, DEFAULT, MARKET, FOREIGN EXCHANGE, BORROWING REQUIREMENTS, LEVY, LONG-TERM INVESTMENTS, MARKET RISKS, DISCOUNT RATES, GOODS, INVESTOR, SECURITY, STOCKS, INVESTMENT, BOND, SHARE, INVESTMENT CLIMATE, CREDIT QUALITY, POVERTY, REVENUE, EXTERNAL DEBT, PROFIT, INVESTMENTS, TREASURY BILL RATE, RISK MANAGEMENT, LEVEL OF DEBT, EXCHANGE RATE, PROFITS, SAVINGS BANK,
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26509994/malawi-economic-monitor-absorbing-shocks-building-resilience https://hdl.handle.net/10986/24587
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