Malawi: Govt Secures K229bn in World Bank Grants, Parliament Approves Two Financing Bills

Malawi: Govt Secures K229bn in World Bank Grants, Parliament Approves Two Financing Bills

Parliament on Wednesday approved two financing bills authorising the Government of Malawi to receive US$130 million (about K229 billion) in grant funding from the International Development Association (IDA) to strengthen local governance and boost the country's export-oriented value chains.

Parliament approves K229.5bn package

Parliament yesterday approved International Development Association (IDA) financing worth about $130 million (K229.5 billion) for local government service delivery and export financing, with lawmakers urging stronger accountability and oversight. The package comprises a $50 million (K87.5 billion) grant for the Transforming High- Potential Resilient Value Chains (Thrive) Project and an $80 million (K142 billion) grant for the second phase of the…

Parliament passes K228 billion bills

By Pemphero Malimba: Members of Parliament (MPs) from the opposition benches have asked the government, through Finance Minister Joseph Mwanamvekha, to ensure transparency in the utilisation of $130 million (approximately K228 billion) worth of grants following the passing of two bills in Parliament Wednesday. The bills are Bill Number 7 of 2026—International Development Association (IDA) for Transforming High-potential Resilient Value Chains (T…

Can US$130m grants help Malawi escape its forex crisis?

This article was originally published on Malawi24">Malawi24, Malawi's #1 independent news platform. Malawi has secured fresh international funding that could help ease pressure on the economy, but the real question is whether the money will deliver lasting relief from the country’s persistent foreign exchange shortages. Parliament has approved two International Development Association (IDA) grants worth a combined US$130 million, including US$50…

Parliament Approves MK229 Billion IDA Grants

ShareBy Suleman Chitera Malawi has secured US$130 million (about MK229 billion) in grant financing from the International Development Association (IDA) after Parliament approved two key funding Bills aimed at accelerating economic growth, supporting businesses and improving service delivery across the country. The grants, presented to Parliament on Wednesday by Minister of Finance, Economic Planning and… The post Parliament Approves MK229 Billio…

Mwanamveka says new IDA programme will support 100 firms - Malawi News | Breaking News, Politics, Business & Sports

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