Mabvutojobani

By Mabvuto Banda

WASHINGTON (Reuters) – Malawi has requested a new financing program from the International Monetary Fund necessary to unlock needed aid from Western donors, a senior IMF official said on Friday.

The IMF’s mission chief to Malawi, Tsidi Tsikata, told Reuters discussions on IMF support had begun on the sidelines of meetings of the IMF and World Bank in Washington.

He said an IMF mission would travel to Malawi before the end of May to discuss details of an economic program, which would be supported by an IMF loan.

The IMF had suspended a three-year $79 million loan after the program went off track when the government failed to devalue its kwacha currency and implement public finance management reforms.

“We should be going back to Malawi in a matter of weeks, at least before the end of May … but what we need is some clarity on the…

View original post 268 more words

Advertisements

About karissagall

Karissa Gall is a Canadian journalist.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: