IMF blasts Malawi for overspending

53

The International Monetary Fund (IMF) has criticised the Malawi government for overspending in different sectors.

The development comes at a time when Malawi is reported to be sailing in financial woes following impacts of natural disaster that hit the country in past agriculture seasons.

The IMF has observed that despite the country beating its target on tax collection, Malawi is failing to stand strong financially due to overspending.

IMF team that visited Malawi led by Oral Williams disclosed a need for the country to rationalize expenditure.

Williams added that Malawi is spending more on few top government officials than rural citizens of the country.

“ Expenditures and commitments need to be kept within available funding to avoid the emergence of new payment arrears and increased recourse to domestic financing, which would undermine the fight against inflation,” said IMF in a statement.

Malawi finance minister Goodall Gondwe acknowledged the problem of overspending citing political interference as a major reason.

Gondwe disclosed that some government officials are entitled to too much benefits that demand huge sums of money.

One such official is President Peter Mutharika who is reported to be spending taxpayers money in United States of America by extending his stay in the country even though the United General Assembly which he went to attend ended over a week ago.

Meanwhile, the IMF has extended Malawi’s Extended Credit Facility (ECF) program to mid 2017.

The ECF was due to expire at the end of this year but it has been extended to allow time for Malawi to demonstrate achievement of new macroecomic targets set by the IMF.

Share.

53 Comments

  1. Pamene IMF anati tikuyendetsa bwino chuma panali phokoso pa MBC nde kaya izi anenanso…..boma lokanika mapeto chiyambileni zipani zambiri

  2. Hello friends, my name is Fatima Kamau this a testimony of how i got cure fully from HIV/AIDS, i was diagnose with HIV/AIDS NINE year ago, i contacted a doctor who later gave me some treatment, but it was like the treatment he gave to me were not enough i was desperately in need of something that will get rid of the deadly virus from my body, my life was miserable i lost my job and few of my friends, not quit long a faithful friend of mine came to me one afternoon telling about what he saw on net a testimony of how DR Abumen cured people from various kind of virus including Herpes, i was like this is a scam, but he old me he believe in what he had read on line’ he told me he will contact DR Abumen on my behalf and he did so, after some days he receive a parcel containing DR Abumen herbal medication, he present it before me to use it, that when am cured i should pay back the money it cost her while negotiating for the medicine, after taking the medicine for some days according to DR Abumen instruction, then i decided to go for check up and i was happy to see that no sign of the virus was found in my body, i am very thankful to my friend, if you are having a similar problem or you need his help you can reach him on ([email protected]) or you can call or chat with him on whattsapp through +2347085071418, please share to save life

  3. My name is Mira Kalonga and this a testimony of how i became HIV NEGATIVE, i have been suffering from HIV for the past seven years, i have spend a lot of money finding cure for HIV/AIDS until i found this true man who cured me completely with his powerful herbal medicine, i have tried different means to get this virus out of my body, all the possible ways i tried did not work out for me, i came across doctor olumo through some amazing testimonies concerning how Dr Olumo has cured different people from various kind of sickness like HERPES,HIV/AIDS, CANCER, with the help of his powerful Herbal Medicine, so i was encourage and i contacted Dr Olumo i told him about my Sickness, He told me not to worry that he was going to prepare some Herbal Medicine for me, after some time in communication with Dr Olumo he finally prepared for me the herbal medicine which he sent to me through courier service and he also gave me prescriptions on how to use it, after taking the Herbal medicine for some days, i went for test to confirm and the result was totally negative ,i went for test again in a different hospital still the same negative , Today i am fit and healthy to live life again, I am so happy for the good work of Dr Olumo in my life, if you are having a simillar problem kindly email HIM on { [email protected]} OR CONTACT HIM WITH HIS NUMBER OR CHAT WITH HIM ON (WHATSAPP) (+2348138956767)

  4. NDIKUPEMPHA AMALAWI TONSE KUTI MONDAY TIPANGE ZIONETSERO ZOCHOTSA PETER MUTHALIKA PA MPANDO…NTHAWI YOYAMBA 10AM….MALAWI BT=POLLYTECHNIC…LL =COMMUNITY GROUND. ..MZUZU=MZUZU STADIUM

    KOMANSO MAPOST OFFICE ONSE MALAWI MUNO

    NDIKUPEMPHA MEDIA ITITHANDIZE KULENGEZA ZIMENEZI
    (NDINE YEMWE UJA-MALAWI OLIRA)

  5. Hello friends my name is Judith Mulenga I was one of those millions of people around the world suffering from HIV/AIDS and and i was healed through the help of DR Abumen I was diagnosed with HIV/AIDS in 2011, I had no hope and felt useless. All these negative feelings quickly suppressed my body immune system and my body started to deteriorate quickly with physical signs of rapid weight loss, my story began to change for good when i met DR Abumen through a woman’s testimony, he sent me an herbal medicine which i took for some days, after taking the medicine according to doctor’s instruction I went to the hospital to get my blood tested for HIV/AIDS. The doctors were amazed when my first blood test result came back negative. They asked me to go back again for another test, which I did and the result came back negative. The doctors could not believe still,To cut the story short, “DR ABUMEN HERBAL MEDICINE HEALED ME COMPLETELY WITHOUT A TRACE OF THE DEADLY HIV/AIDS VIRUS IN MY BLOOD” am so happy, am sharing this to the world to save some lives, believe me there is a cure, you can contact DR Abumen on his email address [email protected] and you can also call or whatsapp his number which is via +2347085071418.

  6. r they supporting us in any way for them to dictate how we should use our hard earned money? That is colonialism of the highest order!

  7. if dey hve nothing 2 say,dey hve 2say nothing, overspending? ndalama ndiwathu alipo ife kuononga basi,sathandiza ife akufuna chani? atileke tidye money basi c bwerera zawozo.