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Vol 56 No 2

Published 23rd January 2015


Malawi

Plugging the gaps

With the resumption of international support for the national budget still a distant prospect, President Peter Mutharika's government is having to be inventive in seeking ways of plugging the gap in public finances. The latest injection is a US$200 million loan from the regional PTABank. The new funds, combined with the crash in the international oil price, have led to a small recovery in the value of the kwacha. The Lilongwe government now says there is now enough foreign exchange to cover three months' worth of imports.

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