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African Economic Outlook 2006

image of African Economic Outlook 2006

This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa.  Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues.  This edition includes a special section on transport infrastructure issues.  The second part provides individual country reports for 30 countries.  Each country report provides an assessment of recent economic performance, projections for 2006 and 2007, an examination of structural issues, and a discussion of the political and social context.  The statistical annex presents 23 tables comparing economic and social variables across all the countries of Africa.

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Malawi

OECD Development Centre

Malawi is one of the poorest countries in the world. It was ranked 165th out of 177 countries according to the 2005 United Nations Human Development Index and had the second lowest GDP per capita in 2003. By all measures, the Malawian economy went through very difficult times in 2005. It faced serious food shortages with an estimated 4.85 million people, i.e. nearly 50 per cent of the population in need of emergency food support. Moreover, 2005 has been a year of political turmoil, with the president facing possible impeachment and resigning from his party to form a new one, an initiative which has very little support in parliament.

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