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We failed IMF again
Summary by The Nation
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We failed IMF again
A few days ago, I was going through Malawi’s ever-growing archive of self-inflicted economic wounds—yes, we have plenty, and one headline caught my eye: ‘Malawi’s ECF programme with IMF falls off’. This referred to the $175 million (over K300 billion) Extended Credit Facility (ECF) agreement between Malawi and the IMF—an economic lifeline meant to anchor our national budget, shore up forex reserves and serve as a stamp of credibility to reassure…
·Blantyre, Malawi
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