IMF team jets in Malawi, govt upbeat to be on track with extended credit facility

An International Monetary Fund jetted into the country on Tuesday afternoon to check on the performnce of the Peter Mutharika administration for the last six months.

Finance Minister Goodall Gondwe and Treasury spokesman Nations Msowoya: Fingers crossed
Finance Minister Goodall Gondwe and Treasury spokesman Nations Msowoya: Fingers crossed

Finance ministry spokesperson Nations Msowoya said the government is optimistic it will remain on track with the IMF extended credit facility (ecf).

“This is.a normal review, we were expecting it and we hope will do well,” said Msowoya.

Added Msowoya as his face beamed with confidence, “This will be a succesful conclusion and it will bring confidence on our public financial management.”

He said this will in turn bring confidence among the donor community.

Malawi is on track with the IMF’s  ECF but donors are reluctant t oprovide budgetary support because of, among other key factors, plunder of public resources by civil servants and politicians.

Government says it has drastically cut on domestic borrowing and President Mutharika has also drastically cut on his foreign trips as the economy cointinues to dwindle and the cost of life escalates.

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5 years ago

How can the Malawi government be upbeat to be on track when basic things like these have not been addressed: (a) The Accountant General and the entire Ministry of Finance has not reconciled government account number one for the last seven years.? (b) Government financial statements have not been audited for the last five years? (c) Government does not posses any Public Financial Management Reform Strategy? (d) Corruption and abuse of the Public Procurement Act is the order of the day and continues unabated under the watchful eyes of the eight one year Goodal Gondwe. (e) Within a space of… Read more »

5 years ago
Reply to  Dengulanga

Muphulikatu inu. nzanu mukumunenayo, ali phee kupanga zache. inu osagona, “amenuyo,ameneyo” Give it a rest.

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