International Monetary Fund (IMF) Reaches Staff-Level Agreement on the First Review of Malawi’s Extended Credit Facility | Africanews: he IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility; Moderate economic growth is likely to strengthen to about 4 percent in 2019, followed by a rise to 6-7 percent over the medium term; Looking forward, fiscal policy should focus on actions to restore budget balance to correct for last year’s spending overruns and help cope with any shortfalls in budget support.
An International Monetary Fund (IMF) team led by Pritha Mitra, Mission Chief for Malawi, visited Lilongwe from September 25-October 5, 2018 to conduct discussions on the first review of the three-year arrangement for Malawi under the Extended Credit Facility (ECF) [1] (see Press Release No. 18/157 ).
At the end of the mission, Ms. Mitra issued the following statement:
“The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board.
An International Monetary Fund (IMF) team led by Pritha Mitra, Mission Chief for Malawi, visited Lilongwe from September 25-October 5, 2018 to conduct discussions on the first review of the three-year arrangement for Malawi under the Extended Credit Facility (ECF) [1] (see Press Release No. 18/157 ).
At the end of the mission, Ms. Mitra issued the following statement:
“The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board.
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