• Mon. May 29th, 2023

Donor confidence : IMF Approves US$88.3 Million Disbursement for Malawi

Nov 21, 2022

The IMF is officially back, approves the US $88.3 Million Rapid Credit Facility (RCF) given to Malawi.

Chakwera again proves to have donors on his side and they have confidence in his leadership.

What does this means?

1). Forex reserves will be boosted in the country and some problems will be resolved in the short term

2). Financial assistance from donors who were waiting for the IMF to declare Malawi fit and on track for the facility

3). This is a great plus to the country’s economy and indicates that the country is on track towards resolving economic woes

4). Dr Chakwera and his government are an excellent fit in as far as fixing the country’s economy is concerned

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