{"id":37065,"date":"2016-12-07T13:09:06","date_gmt":"2016-12-07T11:09:06","guid":{"rendered":"http:\/\/www.times.mw\/?p=37065"},"modified":"2016-12-09T09:28:23","modified_gmt":"2016-12-09T07:28:23","slug":"imf-approves-ecf-extension-for-malawi","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2016\/12\/07\/imf-approves-ecf-extension-for-malawi\/","title":{"rendered":"IMF approves ECF extension for Malawi"},"content":{"rendered":"<p>The Executive Board of the International Monetary Fund (IMF) has approved \u2014 without an Executive Board meeting \u2014 an extension of Malawi\u2019s arrangement under the Extended Credit Facility (ECF) to June 30, 2017.<\/p>\n<p>This means that Malawi has been given more time to implement some programme objectives using about $49.2 million or 25 percent of quota approved by the Board in June this year to strengthen the response to the El Ni\u00f1o-induced drought.<\/p>\n<p>Disclosing the news on Tuesday, the IMF board, <a href=\"http:\/\/www.imf.org\/en\/News\/Articles\/2016\/12\/05\/PR16541-Malawi-IMF-Executive-Board-Approves-Extension-of-the-Arrangement-under-ECF\">in a statement<\/a>, said the move aims to provide additional time for the Malawi authorities to achieve the programme\u2019s objectives, which are to spur growth, diversify the economy and reduce poverty.<\/p>\n<p>Specific objectives of the programme include macroeconomic stability with low inflation, increasing international reserves to provide a buffer against external shocks and reforms to improve the investment climate and promote sustained inclusive growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Executive Board of the International Monetary Fund (IMF) has approved \u2014 without an Executive Board meeting \u2014 an extension of Malawi\u2019s arrangement under the Extended Credit Facility (ECF) to June 30, 2017. This means that Malawi has been given more time to implement some programme objectives using about $49.2 million or 25 percent of [&hellip;]<\/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-37065","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37065","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=37065"}],"version-history":[{"count":3,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37065\/revisions"}],"predecessor-version":[{"id":37071,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37065\/revisions\/37071"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=37065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=37065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=37065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}