{"id":37386,"date":"2022-12-28T21:29:04","date_gmt":"2022-12-28T21:29:04","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency"},"modified":"2022-12-28T21:56:22","modified_gmt":"2022-12-28T21:56:22","slug":"gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency","title":{"rendered":"Gwengwe upbeat Malawi to get IMF credit facility for emergency"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Minister of Finance Sosten Gwengwe is upbeat that Malawi will successfully secure IMF emergency funding under the Rapid Credit Facility (RPD) by the end of the month or early next month, November.<\/p>\n

In an interview, Gwengwe said the facility would allow Malawi get half of the US$350 million it applied under the Extended Credit Facility (ECF). \u201cThis facility will help us deal immediately with some challenges, such as lack of forex,\u201d he said.<\/p>\n

He said discussions with the IMF on the facility, which has just been introduced to poor countries facing economic challenges due to effects of covid-19 pandemic, among others ends this week in Malawi before the issue is brought before the board of directors of IMF in Washington DC, United States.<\/p>\n

IMF, in a statement, has described as productive the discussions it had with the government of Malawi over a request by authorities for emergency funding under the Rapid Credit Facility-RPD- Food Shock Window.<\/p>\n

This follows a series of meetings which the IMF team led by its Chief to Malawi Mika Saito held with various government officials including President Lazarus Chakwera, Minister of Finance and Economic Affairs Sosten Gwengwe , Reserve Bank of Malawi Governor Wilson Banda and other senior government officials. The RPD \u2013 Food Shock Window provides low access to finance to low income countries facing balance of payment.<\/p>\n

In a statement issued at the end of the visit to Malawi, the IMF team said the fund had productive discussions with authorities and made good progress on the request for disbursement of the emergency funds under\u2013Food Shock Window but discussions will continue from 11 \u2013 17th October in US during the IMF- World Bank Annual Meeting.<\/p>\n

Meanwhile, the IMF has said Malawi has expressed commitment to qualify for an Extended Credit Facility once progress has been achieved on the debt restructuring process.<\/p>\n

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

Africa-Press – Malawi. Minister of Finance Sosten Gwengwe is upbeat that Malawi will successfully secure IMF emergency funding under the Rapid Credit Facility (RPD) by the end of the month or early next month, November. In an interview, Gwengwe said the facility would allow Malawi get half of the US$350 million it applied under the […]<\/p>\n","protected":false},"author":84,"featured_media":37385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,234],"class_list":["post-37386","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":"\nGwengwe upbeat Malawi to get IMF credit facility for emergency - Malawi<\/title>\n<meta name=\"description\" content=\"Minister of Finance Sosten Gwengwe is upbeat that Malawi will successfully secure IMF emergency funding under the Rapid ...\" \/>\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\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gwengwe upbeat Malawi to get IMF credit facility for emergency\" \/>\n<meta property=\"og:description\" content=\"Minister of Finance Sosten Gwengwe is upbeat that Malawi will successfully secure IMF emergency funding under the Rapid ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\" \/>\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=\"2022-12-28T21:29:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-28T21:56:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/12\/postQueueImg_1672250381.07.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"771\" \/>\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\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gwengwe upbeat Malawi to get IMF credit facility for emergency\",\"datePublished\":\"2022-12-28T21:29:04+00:00\",\"dateModified\":\"2022-12-28T21:56:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\"},\"wordCount\":325,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/12\/postQueueImg_1672250381.07.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\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/gwengwe-upbeat-malawi-to-get-imf-credit-facility-for-emergency\",\"name\":\"Gwengwe upbeat Malawi to get IMF credit facility for emergency - 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