Malawi Awaits New IMF Aid

    Malawi is

    from the International Monetary Fund regarding a new economic program, Bizcommunity.com reports. IMF is set to make a decision by Feb. 10, 2010, on whether or not to sanction a new funding facility for the country, whose economic situation continues to worsen. Malawi's Central Bank Governor Perks Ligoya said "they need this program to save the economy."

    About the author

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      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.