By Linda Kwanjana
The International Monetary
Fund (IMF) has commended Malawi Government for holding productive talks with Malawi’s new government during its
annual meetings in Washington this month, an IMF spokesperson said on Monday, as the Southern African country looks to secure a new lending programme.
According to the IMF official, Julie Kozack they are looking forward to see how Malawi is expected to manage macro economic stability.
“We look forward to continuing
discussions on the authorities’ plans to restore macro-economic stability and on how the IMF can best support their reform efforts” said Kozack.
Malawi’s last IMF programme was terminated in May after it failed to restore macroeconomic stability. President Peter Mutharika took office early this month after five years of worsening economic crisis in Malawi.
Recently, Minister of Finance and economic Development, Joseph Mwanamveka told the media that IMF programme is crucial in unlocking donor confidence with financial stakeholders.
