US Government Warns Malawi
US Government has warned Malawi that it risks losing the Extended Credit Facility (ECF) with the International Monetary Fund (IMF) if measures to reverse some of the current fiscal policy issues are not made in the coming weeks.
Deputy assistant secretary for Africa and the Middle East at the US Department of Treasury Eric Meyer said this to the press at the end of his tour in the country, expressing concerns on “ballooning expenditures” at the time the government is registering low revenue collection.
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