World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts – Malawi Voice

World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts – Malawi Voice: "World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts By Malawi Voice Reporter on May 5, 2017No Comment WASHINGTON, May 4, 2017— The World Bank Board of Executive Directors today approved an $80 million credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years. The budget support operation, fully referred to as the Agricultural Support and Fiscal Management Development Policy Operation (DPO), is the first of a proposed series of two operations. It aims to improve incentives for private sector participation in agricultural markets and to strengthen fiscal management through more effective expenditure controls and greater transparency. The DPO supports a series of policy and institutional reforms that the Government of Malawi is undertaking in order to reduce distortions in, and improve the performance of the agricultural sector; and to restore basic public financial management and accountability systems."



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