IMF Cautions Malawi on Budget Deficit: "An International Monetary Fund (IMF) mission team has completed review of Malawi’s economic performance and says it will recommend to its board in Washington that the Extended Credit Facility (ECF) be extended for 3 years.
IMF Mission Chief for Malawi, Pritha Mitra, says, however, that the mission is concerned with serious shortfalls that need urgent attention for the Malawi economy to recover and grow.
Mitra raised concerns over revenue shortfall and expenditure overrun in the 2017-2018 including the bailout of maize purchase by ADMARC which she says will exert pressure on the budget."
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