The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

Malawi

Malawi Economic Outlook

  • 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.

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Key Facts

Flag:
Capital: Lilongwe
Area: 118,484 sq km
Total Population 2015: 16.4 Million
Urban Population 2015: 15.96%
Female Population 2015: 49.88%
GDP: US$ 3.9 Billion
GNI Per Capita 2015: US$ 320
Inflation Rate: 28.38%
Crude Birth Rate (per 1000): 39.77%
Human Development Index (rank / 187): 170
Human Development Index (scale 0 to 1): 0.418
Membership Date: 25/07/1966
Cumulative Approvals (1967-2015): UA 892.7 Million

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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 Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900

Ms. Tonia KANDIERO, Director General