International Monetary Fund to sit at the same table with the Malawi government again, in search of consensus for the resumption of financing, in the face of the economic crisis that has settled in the country.At the negotiating table started this Wednesday, between the government of Lilongwe and the IMF, the feasibility of a facilitated credit for Malawi is being discussed. This is a financial package whose purpose is to ensure quick concessional financial assistance to low-income countries who face an urgent need for the balance of payments, without any constraints. The negotiations for fast facilitated credit take place at a time when Malawi has been pressing for a possible resumption of IMF financing to the country. Malawi’s finance minister, Sosten Gwengwe explained that the parties chose to engage in negotiations for quick credit as Malawi is facing balance of payments problems and needs a break. and financing pending the resumption of IMF financing. Malawi faces an exchange rate squeeze that threatens the importation of strategic commodities, such as fuel, fertilizers and medicines. last week, President Lazarus Chakwera had a meeting with International Monetary Fund Director Kristalina Georgieva at the IMF’s Washington headquarters, where the two discussed the difficult economic situation In a statement, Georgieva said she was impressed by Chakwera’s unwavering commitment to press ahead with ambitious reform efforts to help improve the lives of the people of Malawi and restore macroeconomic stability, including the elimination of unsustainable public debt. . (RM Blantyre)Source:Rádio Moçambique Online
Malawi. Financing resumption brings together Government and IMF