Legalbrief - IMF salutes efforts to tackle graft

Legalbrief - IMF salutes efforts to tackle graft: "
  


IMF salutes efforts to tackle graft
Published in: Legalbrief Africa New
Date: Tuesday 08 April 2014
Category: Malawi
Issue No: 572



The International Monetary Fund (IMF) has noted that Malawi has made progress after a massive government corruption scandal last year.

However, it is urging the East African nation to bring soaring prices under control. A report on the News24 site notes that it adopted an action plan to bust graft in the wake of massive fraud last year that prompted Western donors to freeze $150m in aid. 'The authorities have made progress in addressing governance and public financial management weaknesses,' the IMF said at the end of its latest review mission to the country. The report notes that President Joyce Banda, who faces an election in just more than six weeks, has implemented austerity steps that led to the restoration of an IMF $79.4m credit facility."



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New Nacala International Airport expected to open in August

New Nacala International Airport expected to open in August: "The new Nacala International Airport in northern Mozambique is set to open in August this year.
Development work to convert the former Nacala Air Base is nearly complete, according to Brazilian contracting firm Odebrecht International.
 
The $144 million project is expected to be completely finished by the end of the first quarter of 2015, and will have a capacity of 500,000 passengers a year"



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