IMF in Malawi to revive stalled ties

Blantyre – An International Monetary Fund (IMF) delegation on Wednesday began a weeklong mission to Malawi to revive a stalled programme to cushion the impoverished country against foreign currency shortages. The team is “expected to help authorities implement key extended credit facility programme commitments”, IMF representative Ruby Randall told journalists. Malawi is battling an economic crisis that saw the country devalue its kwacha currency by 10 percent against the dollar, amid fuel shortages which led to deadly anti-government protests in July. -AFP/Nampa
 

December 2011
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