{"id":29882,"date":"2022-08-25T19:52:25","date_gmt":"2022-08-25T19:52:25","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval"},"modified":"2022-08-25T20:49:33","modified_gmt":"2022-08-25T20:49:33","slug":"malawi-government-upbeat-on-imf-credit-facility-approval","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval","title":{"rendered":"Malawi Government upbeat on IMF credit facility approval"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Malawi Government is upbeat that the IMF will unlock the US$350 million Extended Credit Facility (ECF) as the board of the Bretton Wood meets this week for a final decision.<\/p>\n

Minister of Finance Sosten Gwengwe has said the processes for the IMF staff agreement is at an advanced stage ahead of this week\u2019s IMFs board meeting.<\/p>\n

Gwengwe said the two sides discussed misreporting issues as well as the country\u2019s debt levels as some of the key issues standing in between the two sides ahead of an agreeable program.<\/p>\n

Earlier, the Minister expressed optimism in securing a new ECF after successfully establishing an economic framework where issues of governance and corruption were highly tackled.<\/p>\n

It is still not known when the staff level agreement shall be submitted to the board; however, Gwengwe acknowledged efforts from the two parties in an attempt to find a plausible way out of the contentious issues. Malawi is praying for a $350 million credit facility that is hoped to unlock foreign aid inflow, easing forex and revenue challenges.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Malawi Government is upbeat that the IMF will unlock the US$350 million Extended Credit Facility (ECF) as the board of the Bretton Wood meets this week for a final decision. Minister of Finance Sosten Gwengwe has said the processes for the IMF staff agreement is at an advanced stage ahead of this […]<\/p>\n","protected":false},"author":84,"featured_media":29881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,371,234],"class_list":["post-29882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nMalawi Government upbeat on IMF credit facility approval - Malawi<\/title>\n<meta name=\"description\" content=\"Malawi Government is upbeat that the IMF will unlock the US$350 million Extended Credit Facility (ECF) as the board of t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi Government upbeat on IMF credit facility approval\" \/>\n<meta property=\"og:description\" content=\"Malawi Government is upbeat that the IMF will unlock the US$350 million Extended Credit Facility (ECF) as the board of t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T19:52:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-25T20:49:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_3-6307e042d9cc9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi Government upbeat on IMF credit facility approval\",\"datePublished\":\"2022-08-25T19:52:25+00:00\",\"dateModified\":\"2022-08-25T20:49:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\"},\"wordCount\":193,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_3-6307e042d9cc9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-government-upbeat-on-imf-credit-facility-approval\",\"name\":\"Malawi Government upbeat on IMF credit facility approval - 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