Malawi

Malawi Economic Outlook

  • Real GDP growth in 2012 slowed down following a contraction in the agricultural and manufacturing sectors, brought on by drought and a foreign exchange shortage. Growth in 2013 and 2014 is projected to rebound to 5.5% and 6.1%, respectively.
  • Malawi’s programme with the IMF under the Enhanced Credit Facility (ECF) went off track in mid-2011 due to policy slippages, which triggered a suspension in donor budget support. The new government, which took over in April 2012 following the death of President Bingu Wa Mutharika, has instituted key policy reforms to address the macroeconomic imbalances and revive the economy. The government’s renewed commitment to sound macroeconomic policies and good governance has led to the approval by the IMF of a new ECF programme and resumption of donor support to Malawi.

Contacts

Malawi field office

African Development Bank Group
2nd Floor, Kang’ombe House
Box 30732
City Centre, Lilongwe, Malawi

Phone: (265) 1 77 44 60-62/64
Fax: (265) 1 77 44 69

Mr. Andrew Mwaba, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director





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Key Facts

Flag:
Capital: Lilongwe
Area: 118,484 sq km
Total Population 2012: 15.9 Million
Urban Population 2012: 20.82%
Female Population 2012: 49.91%
GDP: US$ 4.6 Billion
GNI Per Capita 2012: US$ 340
Inflation Rate: 19.20%
Crude Birth Rate (per 1000): 44.49%
Human Development Index (rank / 187): 170
Human Development Index (scale 0 to 1): 0.418
Membership Date: 25/07/1966
Cumulative Approvals (1967-2012): UA 817.1 Million

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