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Malawi to receive $91 million loan money from IMF to combat COVID-19

The International Monetary Fund (IMF) would be releasing $91 million loan money to Malawi after the board's approval on Friday.The IMF said the loan...

Malawi President Peter Mutharika and all ministers take 10% pay cut for 3 months to beat coronavirus

President Peter Mutharika of Malawi and all government ministers are taking a 10 percent pay cut for three months to raise money to respond...

​​​Amnesty warns President Arthur Mutharika’s police force escalating crackdown ahead of Malawi election rerun

Amnesty International warned on Monday that Malawian authorities have mounted a crackdown on dissent ahead of the general election rerun on 19 May.Authorities...

Malawi presidential election results annulled by court over widespread irregularities

Malawi’s constitutional court has annulled last year’s presidential election over widespread irregularities and ordered a new vote within 151 days.President Peter Mutharika won a...

One of Malawi’s first solar energy projects reaches financial closure

One of Malawi’s first solar projects has reached financial closure after attracting investment volume totaling $67 million USD. Initial site works have begun in...

IMF executive board approves disbursement of $43.3 million financial assistance to Malawi

The International Monetary Fund's executive board has approved the disbursement of $43.3 million financial assistance to Malawi, bringing total disbursements under the Extended Credit...

FULL TEXT: IMF on Malawi’s economy

Press Release No. 19/432FOR IMMEDIATE RELEASENovember 25, 2019IMF Executive Board Completes Second and Third Reviews and an Augmentation of Access under Malawi’s ECF Arrangement...

World Bank raises $700 million for storm-hit African countries of Mozambique, Zimbabwe and Malawi

The World Bank announced on Friday that it had raised over half a billion dollars to help people in Mozambique, Malawi and Zimbabwe, three...

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