Malawi’s economy to grow in 2016- IMF

Mar 28, 2016 Business 36
Advertisement
Goodall Gondwe

There is a continued light at the end of the tunnel or the Malawi government as the International Monetary Fund (IMF) has made revelations that the country’s economy will attain growth ranging from between 3-4 percent this year.

Among other things, the IMF says Malawi’s inflation will keep going down and the GDP for last year got placed at just 3 percent.

The statement also reveals that the country’s inflation has seen a 2 percent decrease to 23.4 percent in February 2016 from 25 percent in December 2015.

IMF says that non-food inflation on a clear declining trend, a thing the fund hints shows that adjustments in monetary and fiscal policies are having their intended effects.

Goodall Gondwe
Williams (C) says Malawi’s economy getting stable.

The fund says restoring macroeconomic stability by bringing inflation down to single digits, remains the most important policy challenge in the near term.

It says the revised budget approved by parliament recently is sufficient to meet the end-June 2016 programme target on net domestic financing.

“Prudent fiscal policy, when combined with a tight monetary stance to maintain positive real interest rates, should place inflation on a downward path,” reads the statement, in part.

“The mission reached understandings to ensure that recent improvements in macroeconomic policy implementation are sustained,” the statement states.

 

Recently, the IMF revealed that the sustained stabilization of the Malawi kwacha is due to the absorption of excess liquidity from the banking system by the Reserve Bank of Malawi, and fiscal discipline by the Malawi government and to prospects of the tobacco season.

The IMF in the meeting with Malawi’s Minister of Malawi as led by Oral Willams announced that the fund had gotten impressed with the Extended Credit Facility (EFC) and declared it back on track.

Advertisement

36 Comments

  1. Bodza lankunkhuniza afuna atibera fodya wathu. Mzungu ndichoncho MBALA ya duu.

  4. Economy growth mumabanja mwa a tsogileri while ordinary citizens kulephera kugula ndi mchere omwe shut up!! Stop! Spiting Insult words to poor Malawian

  9. READ MY STORY. ON HOW I GOT MY HIV CURED].
    Truthfully, i was tested HIV + positive for the past 8 years. I keep on managing the drugs i usually purchase from the health care agency to keep me healthy and strengthen, i tried all i can to make this disease leave me alone, but unfortunately, it keep on eating up my life. So last Two Months i came in contact with a lively article on the internet on how this Powerful Herb Healer get her well and healed. So as a patient i knew this will took my life one day, and i need to live with other friends and relatives too. So i copied out the Dr Collins the herbal healer’s contact and I contacted him immediately, in a little while he mail me back that i was welcome to his Herbal Home whereby all what i seek for are granted. I was please at that time. And i continue with him, he took some few details from me and told me that he shall get back to me as soon as he is through with my work. I was very happy as heard that from him, as i was just coming from my friends house, Dr Collins called me to go for checkup in the hospital and see his marvelous work that it is now HIV negative, i was very glad to hear that from him, so quickly rush down to the nearest hospital to found out, only to hear from my hospital doctor called Browning Lewis that i am now HIV NEGATIVE. I jump up at him with the a test note, he ask me how does it happen and i reside to him all i went through with Dr Collins. I am now glad, so i am a gentle type of person that need to share this testimonies to everyone who seek for healing, because once you get calm and quiet, so the disease get to finish your life off. So i will advice you contact him today for your healing at the above details: Email ID: [email protected] or you can also add him up on whataspp +2349036950737. CONTACT HIM NOW TO SAVE YOUR LIFE AND DOCTOR ALSO CURE ALL KIND OF DISEASE AND SICKNESS: [email protected] AS HE IS SO POWERFUL AND HELPFUL TO ALL THAT HAVE THIS SICKNESS

  13. Kuimbira mfiti mmanja inu mwavutika kulima ndinjala lero mwatsala pang’ono kukolola nde ndipamene akunena zakusintha kwa chuma.? If m mistakng akugulani chimangacho pa mtengo wa 5grand pa 50kg then adzigogo anu adzagula 50kg yemweyo 21grand mu december muno coz adzabwera pa verse yomweija yot chuma sichikuenda bwino mark my words

  15. the goverment of muthalika is thevies we that farmers are near to harvest their crop uhave started to say the economic of mw willbe grow u want still money of farmers

  17. Mpaka pano zoonadi Malawiyu alibe ma economist odziwa zakayendetsedwe kaza chuma kudikira mtsamunda adzati Chuma chikwela?
    Kudalira mtsamunda mpaka pano kwaika Africa pa chitswe. Mtsamunda ndi mbava.

  23. Ndiye kuti Boma limadikilira mzungu kuti akwere ndege kuchokera ku uraya kuzati uza kuti chuma chayamba kuyenda bwino? Kusonyeza kuti ngakhale Boma silimadziwa zimenezi .

  24. Ndiye kuti Boma limadikilira mzungu kuti akwere ndege kuchokera ku uraya kuzati uza kuti chuma chayamba kuyenda bwino? Kusonyeza kuti ngakhale Boma silimadziwa zimenezi .

  29. That is Malawi we all knw when farmer’s are harvesting y are promising something better 2 suck farmers talk till y are done

  30. That is Malawi we all knw when farmer’s are harvesting y are promising something better 2 suck farmers talk till y are done

Comments are closed.