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Wednesday, July 4, 2018

Malawi in $98.9 million BoP deficit in Q1 | The Times Group

Malawi in $98.9 million BoP deficit in Q1 | The Times Group: Malawi recorded a Balance of Payments (BoP) deficit of US$98.9 million (K71.7 billion) in the first quarter of 2018, statistics from the Reserve Bank of Malawi (RBM) have shown.

This is compared to a BoP surplus of US$18.1 million (K13.2 billion) the country recorded in the quarter ended December 31, 2017.

The deficit represents a jump of 84 percent from US$53.8 million (K38.8 billion) deficit recorded in the first quarter of 2017.

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