01729cas a2200241 a 4500 AALejournalIMF004085 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451828108 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Malawi : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (78 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents Malawi's First Review Under the Poverty Reduction and Growth Facility. The overvalued exchange rate has put external reserves under pressure, and the backlog of unpaid import invoices persists. The impact of the overvalued exchange rate on the value of donor inflows and the unforeseen upward revisions to debt obligations has increased domestic borrowing needs. The government is committed to program implementation, but faces intense political pressures because of its minority position in parliament. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/094 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/094/002.2006.issue-094-en.xml IMF e-Library