An International Monitory Fund\u2019s (IMF) mission team is expected in Malawi\u00a0within the first quarter of 2016 to review the country\u2019s economic trends and evaluate its performance in line with the Extended Credit Facility (ECF) programme.<\/p>\n
The team will determine Malawi\u2019s fate on whether to resume the US$150 million ECF programme with the fund which was declared off-track in September following the government\u2019s failure to meet agreed targets.<\/p>\n
IMF resident representative to Malawi Geoffrey Oestreicher said in a telephone interview yesterday that the mission team will review the December targets under the ECF and examine the revised national budget among other things.<\/p>\n
\u201cThe coming of the IMF mission team will examine the economic trends and evaluate the ECF programme to determine if Malawi is back on track,\u201d said Oestreicher.<\/p>\n
The team will also review major economic indicators such as inflation, while reviewing government cash books to determine whether there is correlation between the budget and expenses by government.<\/p>\n
He said the mission team is coming to evaluate the end December targets and that this means that the review team can only come after December 31, 2015 at the end of the review period.<\/p>\n
\u201cThe team can\u2019t come unless some numbers and figures are known. So the review cannot be done in December but either in February or March, depending on whether the data would be available,\u201d he said.<\/p>\n
He expressed optimism that government and the Reserve Bank of Malawi (RBM) will finalise the data consolidation process to facilitate the coming in of the mission team. He also believes that Malawi\u2019s programme under the fund will get back on track by the end of this month.<\/p>\n","protected":false},"excerpt":{"rendered":"
An International Monitory Fund\u2019s (IMF) mission team is expected in Malawi\u00a0within the first quarter of 2016 to review the country\u2019s economic trends and evaluate its performance in line with the Extended Credit Facility (ECF) programme. The team will determine Malawi\u2019s fate on whether to resume the US$150 million ECF programme with the fund which was […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13566","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/13566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=13566"}],"version-history":[{"count":0,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/13566\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=13566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=13566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=13566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}