Malawi Second Agricultural Support and Fiscal Management DPO (WB-P164122)

Countries
  • Malawi
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Malawi
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 21, 2019

Disclosed by Bank Jul 20, 2017


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Project Description

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:

  1. making agricultural markets work better; and,
  2. strengthening accountability and restoring confidence in public finances.

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.

Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Contact: Ben Botolo
Title: Secretary to the Treasury
Tel: +265 1789 355/354
Email: stfinance@finance.gov.mw 

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