世界银行：2025年马拉维公共财政评论：恢复稳定，重建信任报告（英文版）

Malawi stands at a critical inflection point in its pursuit of macroeconomic stability and fiscal sustainability. Public finances are under severe strain, marked by persistent fiscal and current account deficits, a highly vulnerable debt profile, and declining external support, making the cost of policy inaction increasingly untenable. Rising fiscal risks, compounded by global uncertainty, recurrent climatic shocks, falling aid flows, and election-related overspending, underscore the urgency