Govt on IMF knees

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Government has assured Malawians that it will follow what the International Monetary Fund (IMF) is advising it in a bid to restore the country’s economy.

Minister of finance and economic planning Goodall Gondwe said IMF advised government to reduce inflation and increase public finance reforms.

Goodall Gondwe and Peter Mutharika

Lets follow the order. Gondwe seems as asking Malawi President, Peter Mutharika. (Library).

“Government is doing a lot in as far as the economy of the country is concerned at the moment we have reduced borrowing and we are controlling it,” said Gondwe.

Recently, the IMF resumed its support to Malawi after it was suspended last year due to cashgate issues.

Gondwe said it is a good development as IMF says Malawi has done a good job in reconciliation of account between Reserve Bank of Malawi and Accountant General.

He added that government will see to it that fiscal discipline is being practiced as this is the only way of eradicating poverty.

IMF has resumed its support and has pledged to give Malawi $150 million in an extended facility program.

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25 Comments

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  3. whether there is IM F or not Malawi is suffering due to luck of wisdom dying of hunger while we proudly claim that we have fresh waters at lake malawi yet our friends in israel are third largest exporter of flowers the whole world yet is a desert while here we are failing to feed ourself, please politicians free yourselves from mental slavery

  4. Guys, kulamulira Dziko sichithu chapang`ono, ndeno tiyeni tingosangalala kut a IMF atikhululukira and atithandiza kaleso ndi Ndalama zankhaninkhani ngat zimenezo. Osamamunyoza President wanthu Please.

    • what we need is not IMF, we need wisdom. I believe that even if we can say all Americans should come to malawi and all malawians go to America,fore sure after ayear many Malawians wil start applying for visa to seek good pasture here because we are mentaly slaved

  5. Why smile at Credit Facility.We dont need IMF this time,we need to stand on our own.IMF is a bunch of Thieves Kaunda said.Lets just go for Irrigation and Mining,thus all we need.