Malawi's economy at risk of debt distress—IMF - The Maravi Post: "LILONGWE-The International Monetary Fund (IMF) has said authorities need to closely monitor debt dynamics, given the rapid speed at which debt stock is rising.
Recent studies have placed Malawi among countries, where debt is rising to risky levels.
IMF Resident Representative to Malawi, Jack Ree, told the Daily Times that the fund’s latest debt sustainability assessment has rated Malawi as a moderate debt risk country. He said, going forward, it would be critical for the government to manage fiscal policy prudently to consolidate gains made.
“A big part of this is to ensure that public debt remains sustainable and is deployed for good use.
“It would also require guarding against the risk of an over-building and ensuring that the debt is deployed to good uses,” he said.
Ree further said there is need to factor in recurrence of shocks, resulting from climate change."
'via Blog this'
Recent studies have placed Malawi among countries, where debt is rising to risky levels.
IMF Resident Representative to Malawi, Jack Ree, told the Daily Times that the fund’s latest debt sustainability assessment has rated Malawi as a moderate debt risk country. He said, going forward, it would be critical for the government to manage fiscal policy prudently to consolidate gains made.
“A big part of this is to ensure that public debt remains sustainable and is deployed for good use.
“It would also require guarding against the risk of an over-building and ensuring that the debt is deployed to good uses,” he said.
Ree further said there is need to factor in recurrence of shocks, resulting from climate change."
'via Blog this'
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