EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

IMF, Malawi reach staff agreement on $88 million financing

IMF, Malawi reach staff agreement on $88 million financing
IMF, Malawi reach staff agreement on $88 million financing Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
Share this articleComments
Share this articleClose Button

JOHANNESBURG - The International Monetary Fund (IMF) said on Friday that it had reached a staff-level agreement with Malawi for up to $88.3 million in emergency financing.

"Malawi is the first low-income country to reach a staff-level agreement to receive up to about $88.3 million in emergency financing through the IMF's new Food Shock Window," the IMF said in a statement.

The IMF said the money would help the southern African country address urgent balance of payments needs related to the global food crisis, and would support economic adjustment and structural reforms.

Share this articleComments

You might also like

'No more free rides': Trump running mate JD Vance delivers isolationist acceptance speech

Hundreds of Israelis call on Netanyahu to bring hostages home

Latest news bulletin | July 18th – Midday