A meeting is currently in progress in Washington DC, as Treasury delegates and the Finance Minister will meet   International Monetary Fund (IMF) officials, to discuss the Extended Credit Facility (ECF) program conditions.

IMF Resident Representative, Farayi Gwenhamo, confirmed of the meeting, saying that the IMF will be meeting Malawi authorities to discuss further the (ECF) program. “You remember they were here, basically for the second and third reviews. So discussions on the same continue in Washington DC on the sidelines of the Annual meetings,” Gwenhamo said.

On the other hand, the International Monetary Fund (IMF) backed Reserve Bank of Malawi’s 5% inflation rate target, stating the target as attainable in the medium term, if the country does not slacken on the economic gains registered in the recent past.