Malawi - Structural Adjustment Loan (SAL)


Project Summary

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
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 2
Commitment U.A 10,000,000
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Fund
Implementing
GOVERNMENT OF MALAWI

Information

IATI identifier 46002-P-MW-KZ0-001
Last Update 19 Jan 2021

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Geographic Location

Country Malawi