The proposed operation is the second in a series of two programmatic development policy financing operations, and builds on a number of reforms already undertaken across the two pillars and supported under the first operation.
The objective of the project is to improve incentives for private sector participation in agricultural markets and to strengthen fiscal management through more effective expenditure controls and greater transparency. Creating an improved agricultural policy environment, scaling up social protection, as well as strengthening financial reporting, oversight and public expenditure management are essential parts of efforts to improve Malawi’s ability to absorb shocks, as well as laying the foundations for future agricultural growth and productivity improvement.
This objective will be achieved through two pillars of policy and institutional reforms aimed at:
These reforms support the Government’s priorities as outlined in the Third Malawi Growth and Development Strategy (MGDS III), as well as the broader World Bank Group goals of ending extreme poverty and boosting shared prosperity.
Contact: Ben Botolo
Title: Secretary to the Treasury
Tel: +265 1789 355/354
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