“The IMF Director General has assured that her team is committed to support Malawi in the recovery process of devastation caused by natural disasters, Covid-19 Pandemic and other geopolitical factors”
By Kondanani Chilimunthaka
President Lazarus Chakwera on Friday, March 19th, met Kristalina Georgieva who is the Managing Director for International Monetary Fund (IMF) to discuss issues bordering on reviving and reconfiguring its credit program in Malawi.
The meeting follows IMF’s commitment to address issues of the previous administration’ mis-reporting as exposed by recent audits at the Reserve Bank and decisive corrective actions Malawi is taking to restructure the Finance Ministry.
Making the announcement on Twitter, President Chakwera who is currently in USA for UN Conference on the Least Developed Countries said through the discussion they have agreed to align their mutual partnership around Malawi’s short and long term development efforts as guided by Social Economic Recovery Plan (SERP), Malawi Vision 2063 and its first decade implementation strategy plan MW2063 (MIP1).
Part of President Chakwera’s message reads: “We continue to work collaboratively with the IMF through readjustments of policy priorities so that we meet all the milestones that are requisite towards attainment of the next Credit Facility.”
He further said the IMF Director General has assured him that her team is committed to support Malawi in the recovery process of devastation caused by natural disasters, Covid-19 Pandemic and other geopolitical factors.
Since coming into power President Chakwera has been meeting various stakeholders in the quest to bring back on track the country’s economy in the process of building a New Malawi.