|Approval Date||15 Dec 1998|
|Signature Date||13 Jan 1999|
|Planned Completion Date||31 Dec 2000|
|Last Disbursement Planned Date||31 Dec 2000|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed ADF loan is intended to assist the Government of Malawi in implementing its programme of policy and structural reforms outlined in the 7th Policy Framework Paper (1996/97-1998/99) and the Letter of Development Policy. The loan will specifically be used to consolidate reform measures that have been implemented in the areas of fiscal reform; public enterprise reform; civil service reform; financial reform; sectoral reforms; domestic deregulation and support the implementation of measures that remain outstanding. The Programme involves measures aims at: (a) achieving fiscal sustainability and increased & Iiciency in the mobilisation, allocation and use of fiscal resources; (b) promoting efficient mobilisation and intermediation of financial resources; (c) prioritising social services and improving the system of social service delivery; (d) accelerating parastatal divestiture and private sector development; (e) relasing infrastructure constraints to development; and (f) promoting diversification in agric.ultural export production.
The program’s principal development objectives includes i) achieving sustained and high real economic growth, consistent with poverty alleviation; ii) maintaining relative price stability; and iii) attaining a viable medium-term balance of payments position. Program specific objectives aimed at undertaking; a) fiscal reforms; b) financial and banking reforms; c) parastatal reform and privatization; d) social sector reform; e) agricultural and land sector reforms; and f) infrastructure development.
The programme will generate broad-based economic growth from which women will benefit (along with men>. Moreover, women as major economic agents in the rural economy will benefit from the market incentives provided by the economic reform measures. The focus on basic social service delivery will have a strong direct beneficial impact on the welfare of women since women and children are usually the major beneficiaries of improved social services.
African Development Fund
GOVERNMENT OF MALAWI
|Last Update||19 Jan 2021|