IMF fingers Admarc loan | The Times Group:
IMF fingers Admarc loan
Posted By: Macdonald Thom on: February 15, 2018 In: National No Comments
The International Monetary Fund (IMF) has pointed out key challenges the 2017/18 budget is
experiencing, stressing the need to find solutions.
The IMF has cited revenue shortfalls and expenditure over-runs as some of the challenges
affecting the budget.
At a press conference in Lilongwe yesterday, Mission Chief to Malawi, Pritha Mitra, specifically
cited a bailout of maize purchase loans by the Agricultural Development and Markerting
Corporation (Admarc) as one of the issues which exerted pressure on the budget.
According to Minister of Finance, Goodall Gondwe, K45 billion was used to bailout Admarc.
The IMF team was briefing the media on the just-ended Article IV Consultations and Negotiations
on the next Extended Credit Facility (ECF) Programme.
'via Blog this'
IMF fingers Admarc loan
Posted By: Macdonald Thom on: February 15, 2018 In: National No Comments
The International Monetary Fund (IMF) has pointed out key challenges the 2017/18 budget is
experiencing, stressing the need to find solutions.
The IMF has cited revenue shortfalls and expenditure over-runs as some of the challenges
affecting the budget.
At a press conference in Lilongwe yesterday, Mission Chief to Malawi, Pritha Mitra, specifically
cited a bailout of maize purchase loans by the Agricultural Development and Markerting
Corporation (Admarc) as one of the issues which exerted pressure on the budget.
According to Minister of Finance, Goodall Gondwe, K45 billion was used to bailout Admarc.
The IMF team was briefing the media on the just-ended Article IV Consultations and Negotiations
on the next Extended Credit Facility (ECF) Programme.
'via Blog this'
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