Malawi: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper
According to MGDS-II, certain major factors such as Malawi's vulnerability to external shocks, inadequate policy response, and weak implementation capacity have hindered growth and development of the economy. The political risks resulting from the upcoming 2014 tripartite elections have also been cited as a major issue. The report suggests that the government should look into the issues of corruption. IMF staffs has put forth certain guidelines that need to be followed when the first Annual Progress Report is prepared.
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achieve agriculture sector analysis annual budget capacity challenges constraints to growth consumption inequality country’s Cross Cutting Cutting Issues decentralization Development Strategy MGDS Directors concur document economic growth Education Sector encourage the authorities ensure extension services financing fiscal FISP ﬂexible exchange food security foreign exchange further prioritization gender goals government’s Growth and Development IHS3 impact inﬂation International Development Association International Monetary Fund investment framework Joint Staff Advisory key binding constraint Kwacha M&E framework macroeconomic framework MDGs medium-term MGDS II needs MGDS II recognizes monitoring and evaluation MTEF percent of GDP perception of corruption Poverty Reduction Strategy priorities prioritization and sequencing progress projected provide more information PSIP public financial management public sector public spending realistic Reduction Strategy Paper reﬂects resource envelope risks Second Malawi Growth Sector Working Groups Social Sector Staff Advisory Note Staffs commend staffs encourage strengthening sustainability terms of trade trend estimate vulnerability