By Linda Kwanjana
Malawi has proved to be on the right direction in as far as attainment of Extended credit facility is concerned.
IMF has been giving Malawi recommendations and guidelines to follow in order to achieve the program.
Fortunately, Malawi has done everything that the Britten Woods body has been demanding including debt restructuring.
The president travelled all the way to Ghana just to meet he IMF high level team to discuss about this as well as meeting Afrixim Bank team on the same.
All this effort which Malawi has demonstrated, has earned the country a credit.
This is why this morning at Kamuzu Palace, President Chakwera hosted International Monetary Fund delegation led by First Deputy Managing Director Ms. Gita Gopinath.
The delegation is in the country to appreciate economic recovery efforts following a myriad of inconveniences due to external shocks notably natural disasters and geopolitical strife in Eastern Europe.
Writing on his Facebook page, the president says he appreciates the trust that IMF has placed in his administration based on the tough and bold decisions that have been taken to resuscitate the economy.
“The multilateral development bank has assured us of its commitment to help us find solutions to current economic challenges and attainment of satisfactory credit sustainability.
“I have told the IMF team that Malawi remains determined and focused to grow the economy and build sustainable communities in line with the Malawi Vision 2063 agenda,” he says.
Chakwera adds: “We remain hopeful that the discussions the IMF mission is undertaking with the Reserve Bank of Malawi and the Ministry of Finance will progress into clarity of a new Extended Credit Facility, ” he writes on his official Facebook page.
