Malawi’s foreign debt rises to US$ 1.9 billion; Appetite for borrowing - The Maravi Post: "Malawi’s foreign debt rises to US$ 1.9 billion; Appetite for borrowing
By Our Reporter / Sunday, 28 Jan 2018
Finance Minister Goodall Gondwe, Heavily Indebted Poor Countries (HIPIC, International Monitory Fund (IMF), Mejn Executive Director Dalitso Kubalasa / 35 views
LILONGWE-(MaraviPost)-Malawi government’s appetite for borrowing is worrying many including the International Monitory Fund (IMF) which warns that the country is at risk of a debt distress if no swift action is taken to reverse the situation.
Latest figures show that outstanding domestic debt stock stands at over MK913 billion, almost close to the country’s annual budget, while the external debt stock is above US$1.9 billion (about MK140 billion).
What is worrying is that within a space of three yea"
'via Blog this'
By Our Reporter / Sunday, 28 Jan 2018
Finance Minister Goodall Gondwe, Heavily Indebted Poor Countries (HIPIC, International Monitory Fund (IMF), Mejn Executive Director Dalitso Kubalasa / 35 views
LILONGWE-(MaraviPost)-Malawi government’s appetite for borrowing is worrying many including the International Monitory Fund (IMF) which warns that the country is at risk of a debt distress if no swift action is taken to reverse the situation.
Latest figures show that outstanding domestic debt stock stands at over MK913 billion, almost close to the country’s annual budget, while the external debt stock is above US$1.9 billion (about MK140 billion).
What is worrying is that within a space of three yea"
'via Blog this'
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