Malawi

The authorities, with substantial donor support, successfully addressed Malawi’s worst humanitarian crisis after two consecutive years of drought. Floods and drought negatively impacted 2.8 million people during the first half of 2015. In 2016, a second consecutive year of drought hurt growth and further placed about 6.7 million people (40 percent of the population) at risk of food insecurity. The IMF’s Executive Board’s augmentation of access (25 percent of quota/US$49.2 million) to respond to the larger balance of payments need had a catalytic effect in fostering donor support.