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ActionAid Malawi believes the Kwacha devaluation is one of the conditions Malawi Government has undertaken in anticipation of IMF's Extended Credit Facility (ECF) programme.
AN International Monetary Fund(IMF) mission has arrived in Lusaka to commence the first review of Zambia’s IMF Program under an Extended Credit Facility (ECF) arrangement, and Article IV consultations.
The EU Head of Delegation Ambassador Rune Skinnebach said Malawi faces a litmus test to adhere to the conditions of the new IMF ECF program in the shortest possible time as the country’s next tripartite general elections looms in 2025.
Source: https://www.malawivoice.com/2023/12/20/standard-bank-forum-outlines-sticky-economic-issues/