IMF Arrives Malawi To Review $150m Facility

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International Monetary Fund (IMF) mission team has arrived Malawi for a seventh review of $150 million Extended Credit Facility (ECF) to the country.

The team are in Malawi to carry out routine surveillance of the country for the period of two weeks from September 16 to 30.

Geoffrey Oestreicher, IMF Resident Representative, said the team which was led by Washington-based IMF Malawi mission team leader Oral Williams will be reviewing economic developments the country has been carrying for the last six months.

“The outcome of the mission will be used for the IMF executive board to decide whether to disburse the next loan tranche to Malawi under the ECF,” he said.

While in the country, the team will also undertake Article IV consultations an instrument for IMF surveillance of the global economy, he said.

However, Malawi last received $18.75million in April 2015 following a successful review.

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