PRIVATE SECTOR GROWTH IN MALAWI.

Position:Brief Article

Malawi's economy is turning around. So says a five member International Monetary Fund (IMF) investigative team that traveled to the country to assess how it was managing its macroeconomic programs, fiscal discipline, and, importantly, anti-corruption efforts. The team gave Malawi decent grades on improving its debt situation noting that private sector credit is easing. The team said that the Malawi economy should grow just under 5 percent during 2005.

This is good news for the Government's efforts to develop a market economy in Malawi, according to the CIA's World Factbook, one of the least developed countries in the world.

The IMF team based its assessment of an improving economy on the expansion of the private sector. The team's remarks were reported by the United Nations Regional Information Networks. In spite of this...

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