The International Monetary Fund (IMF) has disclosed that a high level mission will jet into Malawi early next year to discuss key medium term macro-economic challenges and policies with government.
\nThis will be done in the context of IMF\u2019s periodic statutory consultations, referred to as Article IV consultation with its member countries.
\nIMF Resident Representative, Jack Ree, confirmed the visit and said the mission would provide an opportunity to discuss a possible successor to the extended Credit Facility (ECF) programme.
\nHe said, in the discussions, the mission would try to identify ways to tackle unfinished works from the previous programme while safeguarding and building on the gains made.
\n\u201cWe will also need to find a way to address Malawi\u2019s huge infrastructure investment needs, including in the energy sector, in a fiscally sustainable fashion,\u201d he said.
\nHe noted that, in 2017, Malawi made important achievements, including taming inflation.
\nAccording to Ree, despite the challenges of unreliable power supply, growth is still visible.
\n\u201cDespite struggles, Malawi was also able to fully and properly reconcile government books with bank accounts, perhaps for the first time since its independence.
\n\u201cThis is the first game changer in restoring confidence in the government\u2019s finance management system,\u201d Ree said.
\nEarly this month, IMF said Malawians should expect a new Extended ECF programme with the IMF, probably in the second quarter of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
The International Monetary Fund (IMF) has disclosed that a high level mission will jet into Malawi early next year to discuss key medium term macro-economic challenges and policies with government. This will be done in the context of IMF\u2019s periodic statutory consultations, referred to as Article IV consultation with its member countries. IMF Resident Representative, […]<\/p>\n","protected":false},"author":3,"featured_media":55973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-58114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/58114","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=58114"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/58114\/revisions"}],"predecessor-version":[{"id":58118,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/58114\/revisions\/58118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/55973"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=58114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=58114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=58114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}