The second 2013/14 Common Approach to Budget Support (CABS) biannual review will take place on March 11, and will ascertain if Malawi is ready to receive aid.
The forthcoming review will, among other things, assess progress made in the implementation of the ‘Extraordinary Performance Assessment Framework’ (E-PAF), which was agreed between the Government of Malawi and the CABS development partners (DP) during the first review in November last year.
The March 2014 CABS review will also give an opportunity to Malawi government, development partners and other stakeholders to debate in an open manner achievements that have been made to date in strengthening public finance management systems.
“The review will give CABS DP an opportunity to further assess the economic environment in Malawi and ascertain if the country is ready to receive budget support,” said Ministry of Finance spokesperson Nation Msowoya.
The second review is coming at a critical time when the Executive Board of the International Monetary Fund (IMF) has just approved the third and forth reviews of the Extended Credit Facility program which the Malawi government is implementing.
“Government will use this opportunity to share with stakeholders’ progress which it has made in addressing weaknesses in Public Finance Management.
“The expectation by government is that development partners who had withheld their budget support will be in a position to make disbursements and those that did not commit will be in a position to make a commitment,” explained Msowoya.Follow and Subscribe Nyasa TV :