Malawi - LDC and HIPC Initiative

LDC Criteria and Malawi characteristics
1. HDI 165/177
2. GDP $170/head/yr
3. Effected by Drought
  1. Food shortages
    1. 40% of pop on Emergency food support
4. High pop growth 2.6%/yr
  1. High birth rate 5.7/woman
5. Dependent economy on export of Agg products
6. HIV/AIDS big problem
  1. 1 mil HIV+
  2. 90,000 deaths/yr
  3. 1 mil Orphans
7. Life expectancy below 40yrs old
Characteristics
1. Sub-Saharan Africa
2. 115people/km2
3. 13mil people (2007)
4. High import costs
  1. All fuel needs to be imported
Why so poor?
1. Under developed institutes
2. Poor physical infrastructure
3. Corruption
4. Low human capital investment (Lack of provision)
5. Difficult climatic conditions
6. Few natural resources
7. Resticted access for international markets
8. Foreign debt of $2.9bil
9. Poor Gov management (<2004)
  1. >2004 Gov = spending and borrowing = low inflation
Eligable for debt relief (MDRI)
1. Ratio of debt to the value of exports = 300+%
2. 2000 eligable HIPC but didnt meet conditions set by IMF
  1. Increased Gov spending of food due to famine
3. Payed $440mil by 2006

Resource summary

	Created by alice_jade_barlo almost 11 years ago