Malawi Economic Monitor, May 2016 : Absorbing Shocks, Building Resilience

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/24587

关键词：

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;  Report;  Rapport;  Informe; 

年份：

2016

出版地：

Washington,USA

语种：

English

摘要：

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.