IMF Postpones Mission to Malawi for Work on Debt Treatment
- Finance minister says talks with IMF on loan program ongoing
- Malawi facing shortage of foreign currency, fuel crisis
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The International Monetary Fund postponed a planned mission to Malawi to allow further discussions on the treatment of its debt, Finance Minister Sosten Gwengwe said.
IMF staff had been due in the southern African nation this week for talks on a four-year Extended Credit Facility. Two years ago, newly elected President Lazarus Chakwera canceled an IMF program agreed by his predecessor to better align it with the country’s development strategy.