- Malawi’s economic growth decelerated to 2.9% in 2015 (down from 5.7% in 2014), due largely to external and internal shocks to the economy, but it may pick up to 4% in 2016.
- High inflation in 2015 continued to undermine Malawi’s prospects for economic growth and poverty reduction, necessitating a further tightening of monetary and fiscal policy.
- Key challenges to Malawi’s urbanisation process stem from the lack of capacity to meet the basic social and economic needs of a growing urban population.
Malawi field office
African Development Bank Group
2nd Floor, Kang’ombe House
City Centre, Lilongwe, Malawi
Phone: (265) 1 77 44 60-62/64
Fax: (265) 1 77 44 69
Mr. Andrew Mwaba, Resident Representative