February 2, 2024
Adherence to the authorities’ macroeconomic adjustment and reform program would help Malawi overcome current and future challenges
Stagnant growth, unsustainable debt, and the adverse effects of multiple shocks, including an outbreak of cholera and Cyclone Freddy last year, have compounded Malawi’s economic challenges. The IMF Executive Board recently approved a $175 million Extended Credit Facility (ECF) arrangement that aims to support the governments commitment to economic reforms that are designed to jumpstart inclusive and sustainable growth. IMF Country Focus interviewed Malawis Resident Representative Nelnan Koumtingue about recent developments and challenges that lie ahead.
What are the goals of this program?
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Read the full article at: https://www.imf.org/en/News/Articles/2024/02/02/cf-malawis-plan-to-create-a-stable-and-sustainable-economy