IMF raises Malawi’s ECF quota by 33% – The Nation Online: The International Monetary Fund (IMF) executive board has increased Malawi’s funding quota by 33 percent, automatically allowing the country to tap more resources from the Bretton Woods institution through the Extended Credit Facility (ECF).
Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe broke the news on Tuesday in an interview on the sidelines of the 2019 joint annual meetings by the World Bank and IMF in Washington DC, United States of America (USA).
The IMF member country’s quota determines its maximum financial commitment to the IMF, its voting power and has a bearing on its access to IMF financing.
Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe broke the news on Tuesday in an interview on the sidelines of the 2019 joint annual meetings by the World Bank and IMF in Washington DC, United States of America (USA).
The IMF member country’s quota determines its maximum financial commitment to the IMF, its voting power and has a bearing on its access to IMF financing.
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