Corporate Governance Country Assessment : Malawi

World Bank

Washington, DC

关键词: ACCOUNTING;    AUDITING;    BUSINESS ENVIRONMENT;    CORPORATE GOVERNANCE;    DEBT RELIEF;   

RP-ID  :  90820

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This ROSC assessment of corporategovernance in Malawi benchmarks law and practice against theOrganization for Economic Cooperation and Development (OECD)Principles of Corporate Governance and covers publicinterest entities (including public limited companies,financial institutions, and parastatal companies) withspecial focus on the companies listed on the MSE. Thisreport should be read in conjunction with the Accounting andAuditing ROSC Malawi, which reviews issues related toaccounting, auditing, and financial reporting in moredetail. Growth in 2006 has been estimated at 6.5 percent.Inflation and bank lending rates have declined significantlyover the past few years. Malawi qualified for debt reliefunder the World Bank s Heavily Indebted Poor Countries(HIPC) initiative in 2006. The business environment hasimproved, and the private sector is optimistic about thefuture; the Malawi Business Survey 2006 conducted by theMalawi Confederation of the Chambers of Commerce andIndustry (MCCI) rated the business environment good to verygood with better expectations in the next 12 months. TheMalawi Growth and Development Strategy (MGDS) 2006-2011 setsa future growth target of more than 6 percent annually forthe five-year period, which will increase per capita incometo US$450 by the end of 2011. For this purpose, Malawi isseeking to increase domestic and foreign investment.