IMF Urges Donor Group to Unblock Malawi Budget Support

The International Monetary Fund has asked an international donor grouping to release the USD545 million worth of budget support for Malawi,

reports. Malawian Finance Minister Ken Kandodo said the Common Approach to Budget Support group - which includes the United Kingdom, European Commission, Norway, Germany, World Bank and African Development Bank - has been withholding the funds in the absence of a new IMF program.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.