{"id":36389,"date":"2022-12-09T22:22:04","date_gmt":"2022-12-09T22:22:04","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera"},"modified":"2022-12-10T10:32:37","modified_gmt":"2022-12-10T10:32:37","slug":"imf-trusts-my-leadership-chakwera","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera","title":{"rendered":"IMF trusts my leadership \u2014 Chakwera"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>President Lazarus Chakwera says the approval of US$88.3 million (K91 billion) Rapid Credit Facility to Malawi by the International Monetary Fund (IMF) is a sign of trust that IMF and other global institutions have trust in his leadership.<\/p>\n

Chakwera took to social media this morning to celebrate the announcement by IMF that it will provide funds under the new Food Shock Window of the Rapid Credit Facility to help Malawi address urgent needs related to the global food crisis. On Twitter, the president said the support \u201csignals a new dispensation of trust from bilateral and multilateral global institutions.\u201d<\/p>\n

Writing on Facebook, he said: \u201cMy administration considers this a milestone for it signals restoration of trust from bilateral and multilateral stakeholders, who now acknowledge that Malawi is satisfactorily realigning her fiscal and monetary systems towards sustainable economic growth.\u201d<\/p>\n

Chakwera also described the RCF as great news for Malawi and a timely intervention for the economy which he said had suffered from external shocks, natural disasters and emergencies, among others.<\/p>\n

\u201cThis provides policy support and opens the door to catalyse foreign aid,\u201d he said. He added that his administration will continue to engage these key financial institutions in respect of lasting economic solutions.<\/p>\n

In a statement, yesterday, Mr. Bo Li, IMF Deputy Managing Director and acting chair, said Malawi is facing a challenging economic and humanitarian situation, with foreign exchange shortages and an exchange rate misalignment leading to a sharp decline in imports including fuel, fertilizer, medicine, and food.<\/p>\n

\u201cThe emergency financial assistance under the RCF\u2019s new food shock window would help address urgent balance-of-payments needs and mitigate the impact of the food shock,\u201d he said.<\/p>\n

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

Africa-Press – Malawi. President Lazarus Chakwera says the approval of US$88.3 million (K91 billion) Rapid Credit Facility to Malawi by the International Monetary Fund (IMF) is a sign of trust that IMF and other global institutions have trust in his leadership. Chakwera took to social media this morning to celebrate the announcement by IMF that […]<\/p>\n","protected":false},"author":84,"featured_media":36388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,234],"class_list":["post-36389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nIMF trusts my leadership \u2014 Chakwera - Malawi<\/title>\n<meta name=\"description\" content=\"President Lazarus Chakwera says the approval of US$88.3 million (K91 billion) Rapid Credit Facility to Malawi by the Int ...\" \/>\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\/imf-trusts-my-leadership-chakwera\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF trusts my leadership \u2014 Chakwera\" \/>\n<meta property=\"og:description\" content=\"President Lazarus Chakwera says the approval of US$88.3 million (K91 billion) Rapid Credit Facility to Malawi by the Int ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera\" \/>\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=\"2022-12-09T22:22:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-10T10:32:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/12\/postQueueImg_1670611948.02.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\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=\"2 minutes\" \/>\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\/imf-trusts-my-leadership-chakwera#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF trusts my leadership \u2014 Chakwera\",\"datePublished\":\"2022-12-09T22:22:04+00:00\",\"dateModified\":\"2022-12-10T10:32:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera\"},\"wordCount\":292,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/12\/postQueueImg_1670611948.02.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/imf-trusts-my-leadership-chakwera\",\"name\":\"IMF trusts my leadership \u2014 Chakwera - 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