The International Monetary Fund is ready to move quickly on a credit programme for Malawi, the lender said on Monday, but warned it will depend on the country’s willingness to implement economic reforms.
Economic Reforms
IMF Resident Representative Nelnan Koumtingue said discussions were focused on policies outlined in Malawi’s National Economic Recovery Plan and how the fund could support them with an extended credit facility arrangement.
The National Economic Recovery Plan, tabled by Finance Minister Joseph Mwanamvekha earlier this month, outlines a five-year roadmap to stabilize Malawi’s economy, addressing debt pressures, fiscal reform, corruption and social protection during the restructuring period.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
