International Monetary Fund (IMF) Reaches Staff-Level Agreement on the First Review of Malawi’s Extended Credit Facility

The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility; Moderate economic growth is likely to strengthen to about 4 percent in 2019, followed by a rise to 6-7 percent over the medium term; Looking forward, fiscal policy should focus on actions to restore budget balance to correct for last year’s spending overruns and help cope with any shortfalls in budget support.

Distributed by APO Group on behalf of International Monetary Fund (IMF).