Treasury shifts focus to banks - The Nation Online: Treasury has for the past 18 months resorted to borrowing heavily from commercial banks and other non-bank institutions, shifting away from the Reserve Bank of Malawi (RBM), a latest World Bank report has said.
The Malawi Economic Monitor (MEM), a biannual publication of the World Bank that reviews Malawi’s recent economic developments and was launched in Lilongwe on Tuesday, observes that government net credit from banks has more than doubled to K403 million from K200 million in the first three quarters of the 2018/19 fiscal year ending June 30.
The report also reveals that net borrowing from non-bank sector has also increased by 62 percent over the same period from K418
The Malawi Economic Monitor (MEM), a biannual publication of the World Bank that reviews Malawi’s recent economic developments and was launched in Lilongwe on Tuesday, observes that government net credit from banks has more than doubled to K403 million from K200 million in the first three quarters of the 2018/19 fiscal year ending June 30.
The report also reveals that net borrowing from non-bank sector has also increased by 62 percent over the same period from K418
No comments:
Post a Comment