The International Monetary Fund has endorsed Malawi’s agriculture, tourism, mining and manufacturing (ATMM) strategy, with particular emphasis on the agriculture component’s focus on irrigation as a pathway to macroeconomic stability and reduced food inflation.
IMF Mission Chief for Malawi Justin Tyson said in a recent virtual media briefing that the Fund discussed the ATMM programme with local authorities, noting that the agriculture component has a strong focus on irrigation aimed at moving away from rain-fed agriculture models.
“The ability to move away from a rain-fed agriculture model will, apart from helping livelihoods, help in macroeconomic management,” Tyson said.
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