Minister of Finance, Economic Planning and Development Goodall Gondwe has said European Union is resuming its budgetary support by the end of the year whilst the World Bank will do the same next year.
Gondwe said the European Union has already committed US30 million for the budgetary support whilst the World Bank has committed US80 million for the budgetary support.
Economists say this will improve the ever dwindling economy of the country.
EU and World Bank officials were not available for comment but Malawi is on track with the IMF extended credit facility which has gave confidence to donors on how the government is using its finances.
Gondwe said this on Friday in Lilongwe when EU was signing a K40 billion agreement with the government on a justice project.
The project will see 100000 poor ordinary Malawians accessing lawyers to be paid for by the project, ordinary people not walking long distances to seek justice in courts of law and decongestion in prisons.
Courts, police, prisons and Malawi Human Rights Commission will directly benefit from the project.Follow and Subscribe Nyasa TV :