Month: May 2020 Posts

IMF approves K67 billion for Malawi

May 02, 2020 Malawi24 Reporter 0 &

The International Monetary Fund (IMF) has approved a US$91 million (K67 billion) Rapid Credit Facility (RCF) for Malawi. The organisation said on Friday that the money will help Malawi meet the urgent balance of payment… ...

IMF approves debt relief for Malawi

Apr 14, 2020 Lindiwe Sambalikagwa 0 &

....Hopes funds for debt will be used for vital medical efforts The International Monetary Fund (IMF) has cancelled debt payments for six months for Malawi and 24 other poor countries due to the Coronavirus pandemic.… ...

World Bank, IMF calls for debt relief for poorest countries

Mar 27, 2020 Mwayi Mkandawire 0 &

The World Bank and the International Monetary Fund (IMF) has asked bilateral creditors to offer debt relief for countries such as Malawi due to the coronavirus pandemic. In a joint statement on Thursday, the World… ...

Coronavirus, 2020 elections affecting Malawi Govt revenue

Mar 25, 2020 Mwayi Mkandawire 0 &

The International Monetary Fund (IMF) says pressures from COVID-19 and political uncertainties ahead of the 2020 presidential elections are affecting government’s revenue. The IMF said this in a statement on Tuesday after a team led… ...

Malawi gets budget support from IMF for first time since cashgate scandal

Nov 24, 2019 Malawi24 Reporter 0 &

The International Monetary Fund (IMF) will give Malawi US$40 Million (K29 billion) in direct budget support, the first time this has happened since the cashgate scandal six years ago. Minister of Finance, Economic Planning and… ...

IMF approves K19.5 billion for Malawi

Jun 22, 2017 Luke Bisani 51 &

The International Monetary Fund (IMF) has completed its ninth review under Malawi’s Extended Credit Facility (ECF), allowing the country to receive US$26.9 Million (K19.5 billion). The approval of the funds means Malawi has received a… ...

Workers retrenchment continues haunting Malawi

Apr 05, 2017 Lyonike Mughogho 0 &

Despite the country`s economy being recently deemed to be on the right track by the International Monetary Fund (IMF), local companies continue to post low profits thus cutting their workforce. The business sector has suffered… ...

Malawi economy on right track, expert agrees with IMF

Mar 25, 2017 Luke Bisani 0 &

A local economic expert in Malawi has said that the economic projections for the country by International Monetary Fund (IMF) give a true picture of Malawi’s economic situation. The expert, Joshua Mbewe, said Malawi is… ...