By Kingsley Jassi:
President Peter Mutharika Sunday appealed to the International Monetary Fund (IMF) for immediate support as Malawi grapples with deepening economic difficulties driven by shortages of fuel, food, fertiliser and foreign exchange.
Speaking at Mtunthama State Lodge in Lilongwe during a meeting with IMF African Department Director Abebe Selassie, Mutharika observed that Malawi’s fiscal position was under increasing strain.
He said a significant portion of government revenue was going toward debt servicing, leaving limited space for managing essential imports.
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