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 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.Follow and Subscribe Nyasa TV :