{"id":58057,"date":"2024-02-04T21:45:36","date_gmt":"2024-02-04T21:45:36","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support"},"modified":"2024-02-04T22:01:01","modified_gmt":"2024-02-04T22:01:01","slug":"chakwera-thanks-world-bank-for-restoring-direct-budgetary-support","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support","title":{"rendered":"Chakwera thanks World Bank for restoring direct budgetary support"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>President Lazarus Chakwera has expressed gratitude to World Bank for restoring direct budgetary support and investors\u2019 confidence in Malawi\u2019s economy.<\/p>\n<p>He was speaking in Lilongwe Thursday, during the signing ceremony of US$137 million budgetary support agreement between World Bank and Malawi Government.<\/p>\n<p>\u201cThanks to the support of our partners like World Bank, we have taken some bold steps to enact serious policy reforms for restoring the short term macroeconomic stability and medium term growth, thus bringing us to this windfall we are able to have today,\u201d said Chakwera.<\/p>\n<p>The president further said that to support implementation of some reforms, the government enacted legislation in data protection and Disaster Risk Management and the laws were enacted to improve the operating environment and ensure that developments in digital services are well regulated.<\/p>\n<p>\u201cI am grateful that the continuous engagements between Malawi Government and World Bank are finally yielding fruits, I am specifically thankful to the World Bank Vice President, country director, country managers and economists for working tirelessly to restore this facility,\u201d said Chakwera.<\/p>\n<p>The Word Bank Country Director for Malawi Nathan Belete congratulated Malawi Government for being able to successfully achieve reforms that has enacted the World Bank to restore the budgetary support with 137 million dollars out of which 80 million dollars will come immediately as a grant.<\/p>\n<p>\u201cI commend your leadership and the Malawi Government authorities for taking tough but necessary decisions to stabilise macroeconomic crisis in Malawi at the same time gaining the confidence and trust of the World Bank to restore the budgetary support to your country,\u201d said Belete<\/p>\n<p>\u201cI would also like to encourage your government again to continue with the reforms you have started to continue providing enabling environment for donor support that can bring economic growth of the country,\u201d he added. The World Bank budgetary support was stopped in 2017 following the plunder of government resources.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. President Lazarus Chakwera has expressed gratitude to World Bank for restoring direct budgetary support and investors\u2019 confidence in Malawi\u2019s economy. He was speaking in Lilongwe Thursday, during the signing ceremony of US$137 million budgetary support agreement between World Bank and Malawi Government. \u201cThanks to the support of our partners like World Bank, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":58056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,234],"class_list":["post-58057","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chakwera thanks World Bank for restoring direct budgetary support - Malawi<\/title>\n<meta name=\"description\" content=\"President Lazarus Chakwera has expressed gratitude to World Bank for restoring direct budgetary support and investors\u2019 c ...\" \/>\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\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chakwera thanks World Bank for restoring direct budgetary support\" \/>\n<meta property=\"og:description\" content=\"President Lazarus Chakwera has expressed gratitude to World Bank for restoring direct budgetary support and investors\u2019 c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\" \/>\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=\"2024-02-04T21:45:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-04T22:01:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/02\/sm_1707071350.877369.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1021\" \/>\n\t<meta property=\"og:image:height\" content=\"596\" \/>\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\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chakwera thanks World Bank for restoring direct budgetary support\",\"datePublished\":\"2024-02-04T21:45:36+00:00\",\"dateModified\":\"2024-02-04T22:01:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/02\/sm_1707071350.877369.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\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakwera-thanks-world-bank-for-restoring-direct-budgetary-support\",\"name\":\"Chakwera thanks World Bank for restoring direct budgetary support - 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