Jump to navigation

Vol 56 No 2

Published 23rd January 2015


Malawi

Plugging the gaps

With the resumption of international support for the national budget still a distant prospect, President Peter Mutharika's government is having to be inventive in seeking ways of plugging the gap in public finances. The latest injection is a US$200 million loan from the regional PTABank. The new funds, combined with the crash in the international oil price, have led to a small recovery in the value of the kwacha. The Lilongwe government now says there is now enough foreign exchange to cover three months' worth of imports.

End of preview - This article contains approximately 329 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.