LILONGWE-(MaraviPost)-The International Monetary Fund (IMF) this week approved US$26 million credit facility, following Malawi’s performance on its Extended Credit Facility (ECF).

The IMF approval to disburse US$26.9 million (MK19 billion) to Malawi falls under the ECF to stabilize foreign exchange rates.

This a recipe for development partners to start releasing funds for direct fiscal year plan support, and good news for Malawi, which on Thursday approved its 2017/18 national budget. Continue reading IMF approves Malawi’s Extended Credit Facility; approves US$26 million, caution on fiscal discipline →