Mwanamveka confident that there will be no devaluation having secured substantial international support in Washington D.C.
Mwanamveka (left) along with the Reserve Bank of Malawi Governor * The World Bank has provided US$45 million for emergency food assistance targeting four million Malawians * The African Development Bank has also pledged additional support with the IMF expected to visit Malawi in the first week of November to assist in efforts to stabilise the economy * The Chinese government has forgiven Malawi’s US$20 million debt and granted an additional US$3 million to support the country * While…
