One condition for IMF to approve ECF was to devalue the kwacha and staggering government expenditure—economic expert
* A 4-year arrangement under the ECF has been approved of US$175 million with an immediate disbursement of US$35 million * To support the country’s macroeconomic adjustment and reform agenda aimed at restoring macroeconomic stability * Building a foundation for inclusive and sustainable growth, and addressing weaknesses in governance By Duncan Mlanjira An economic expert contends that the main reason for the devaluation of the kwacha and the subsequent measures that President Lazarus Chakwera has made in his address…









