Malawi - Country Economic Memorandum : Policies for Accelerating Growth
The report reviews the economic developments in 2003-04, and discusses the main reforms implemented by the government as of March 2003. Since early 2003, the government continued to implement both macro, and structural reforms designed to generate...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/4949494/malawi-country-economic-memorandum-policies-accelerating-growth http://hdl.handle.net/10986/15675 |
| Summary: | The report reviews the economic
developments in 2003-04, and discusses the main reforms
implemented by the government as of March 2003. Since early
2003, the government continued to implement both macro, and
structural reforms designed to generate sustainable growth.
The economic performance over the past year indicates that
these efforts have had mixed results. Despite the adoption
of a macroeconomic framework, the government repeatedly
failed to reach the set fiscal targets. In addition, the
government also implemented, and initiated a number of
growth oriented, structural reforms designed to, improve
parastatal management, restructure the Agricultural
Development and Marketing Corporation (ADMARC) and the food
markets, improve the tobacco sector, and, alleviate the
impact of HIV/AIDS, in line with the development strategy.
In spite of achievements since early 2003, much remains to
be done, namely in maintaining fiscal discipline,
implementing the next phase of the reforms in maize,
tobacco, and agriculture services, including forthcoming
reforms to improve the business, and trade environment. |
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