Malawi needs almost $1 bln debt relief by 2027 - IMF
Published on: Wednesday 22 November 2023
Malawi needs almost $1 billion in debt relief from its creditors by 2027, the International Monetary Fund said on Wednesday, as it battles severe medicine, fuel and fertiliser shortages due to chronic foreign currency shortages. The landlocked southern African country needs $887 million in debt relief from 2023 to 2027 from its commercial creditors and $99 million from its bilateral creditors, the IMF said in a report. The IMF Executive Board approved a $178 million, four-year loan to Malawi last week.
