| dc.description.abstract |
The Bank’s Interim Country Strategy Paper (ICSP) for Malawi for the years 2011- 2012 succeeds the 2005-2010 Results Based Country Strategy Paper (RBCSP). Preparation of an interim strategy was agreed following dialogue with the Government of Malawi (GoM) on the timeframe for the preparation of the second Malawi Growth and Development Strategy (MGDS.II), expected for 2012. This will
allow the Bank to effectively align its next strategy from 2013 onwards to the country’s new poverty reduction strategy Despite its challenging socio- economic environment, Malawi has achieved encouraging results over the past five years: maintaining strong economic growth rates, improving food security and sustaining moderate consumer prices. The major challenge for Malawi is to diversify
its landlocked agro-based economy and spur private sector growth, which until now remains sluggish. In this strategy, the Bank positions itself to use the on-going interventions in irrigation and transport infrastructure and the proposed lending and non-lending programs to help Malawi address these challenges. Informed by lessons from the 2005-2010 RBCSP, and findings from recent economic and sector work on Malawi, the strategy complements efforts by other development partners while laying the groundwork for the forthcoming full Bank Strategy. |
en_US |