Reserve Bank of Malawi gets US$88.3 IMF fund

Finance minister Sosten Gwengwe says the International Monetary Fund (IMF) has already wired the US$88.3 million (Around K91 billion) to the Reserve Bank of Malawi.

Finance Minister Gwengwe
The IMF Board approved US$88.3 million in emergency financing to Malawi through the Fund’s Food Shock Window under Rapid Credit Facility (RCF).
Gwengwe told Parliament on Thursday that the money has since been released to Reserve Bank of Malawi.
“”Za IMF zalowa dzulo ku Reserve Bank, Congratulations to his Excellency President Lazarus Chakwera,” Gwengwe told Parliament.

Follow and Subscribe Nyasa TV :

Sharing is caring!

Follow us in Twitter
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Read previous post:
Police arrest 16 refugees over fracas at refugee camp

Police in Does have arrested 16 refugees at Dzaleka refugee camp for malicious damage. Twelve of the suspects are Congolese,...

Close