World Bank demand K32m refund from Malawi

Malawi government should reimburse K32.9 million meant for the Local Development Fund (LDF) supported public works programme (PWP) from Dowa district council if the global lender if to release any project funds.

Laura Kullenberg, World Bank boss in Malawi: Pay back

Laura Kullenberg, World Bank boss in Malawi: Pay back

The bank says Malawi can pay back the money in instalments.

Treasury spokesperson Nations Msowoya said Dowa will have to pay the money by itself and not the central government.

According to a letter that the World Bank country office has written to the LDF-Technical support team (LDF-TST), the unaccounted for funds were released by LDF under Masad III adaptable programme Lending II (APL II) that closed on June 30 2014 Masaf III which run between September 2009 and June 2014 was worth $114 million (57 billion) comprising three credits.

There was the original financing which was the LDF’s seed capital followed by $14 million (7 billion) first additional financing to help Malawi respond to the earthquake that hit Karonga and Chitipa as well
as droughts that affected other districts.

Lastly,  the second additional financing of $50 million to help cushion the shocks of the May 2012 kwacha devaluation and other social protection interventions.

The World Bank decision to freeze advances means that its disbursements under Masaf IV that will be withheld with $107 million (around 53 billion) that was planned to be released  between September 2014 and mid 2018  will be at stake.

World Bank country manager for Malawi, Laura Kullenberg said in a letter dated January 18 2015 that  balances will be treated as lapsed loans and explained that  “implications of having lapsed loans in your country portfolio is that the advance method of disbursement would not be allowed for any subsequent loans, credits or grants until the lapsed loans are fully resolved.”

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I SMELL ROTTEN
Guest

LETS PRAY THAT SPIRIT OF PLUNDER IN MALAWI BE CUST OUT.THIS IS TOO MUCH-LEADERS AT THE4FRONT,SHAME.

pierra
Guest

this will no doubt fan the flames for the creation of a federal state of Malawi. It cannot be tolerated that a country’s population is jointly and severally punished for the fiscal embezzlement by the few.
what is required right now is a complete audit of accounts to find out the culprit districts and regions.

gloria
Guest

when nations says dowa he means the responsble persons in dowa who misuse the fund, whether ndi ku assembly or else where, are responsible to pay the money

Ramsey Majiga
Guest

” Kuthako kwa jongwe kumbaoneka tsiku ya chonzi” lero zadziwika….. kwawo gule wamkulu

Rodrick Mbuya
Guest

Abweza bwanji anthu aku Dowa oti ndalama amaba ndima accountant, DC, DPD ndi ena? I wish you could arrest these people not punish pple from Dowa pazinthu zomwe sanachite. Ndikuziwona kuno ku BK mmene ndalama zaboma zikubedwera ndi anthu ogwira ntchito boma. Munthu osauka ngati ine sindingabwezenze ndalama zoti sindinadye ACB ibwere ma districtmu idzagwire mbava zomwe zikuba ngati ku Dowa ndi Balaka

Ken Msoni
Guest

izi its because ma council kuyika maudindo un qualified pple like M’mbelwa DOA wa standard 8, amadula ma tikiti ku Likoma koma koma a Makileni kumupatsa u DOA ku Mzimba

Issa Kabudula
Guest

The problem we have in Malawi is that of lack of love of each other where a person if given meant of items or cash the only thing she/he thinks is to manage his/her own issues, for World Bank to ask for refund zopangitsa manyazi why a refund? Charity can not be refunded – the amount itself too little for Malawi problems. For us Malawi please lets learn to respect our positions other wise you deserve to be wiped out and the young boys and girls who are hungry for work and development to take over your positions.

Bwampini
Guest

Payback the money Malawi! Finish n klaa

Charter
Guest

nazoni!

Jacob David
Guest

Kodi mwaiwala kuti mabedi a ku Mponela Dowa hospital anapita ku mpoto? Madollar amenewa sanalowela konko?

wpDiscuz

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