Malawi : Third and Fourth Reviews under the Extended Credit Facility Arrangement, Request for Waivers for Non-Observance of Performance Criteria, Extension of the Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria, Staff Report, Staff Supplement, Press Release on the Executive Board Discussion, and Statement by the Executive Director for Malawi.

EXECUTIVE SUMMARY Donors have suspended some aid disbursements to Malawi in response to a scandal involving the theft of public funds. A group of public servants exploited weaknesses in the control environment of the government's Integrated Financial Management Information System (IFMIS) to mak...

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