The International Monetary Fund (IMF) has advised the Malawian government to consider working tame its appetite for borrowing, addressing budget expenditure overruns, energy inefficiencies and improving business operating environment. The Bretton Woods institution advised the latter for sustained consolidated economic gains to grow the economy further.

Speaking to The Nation newspaper, IMF Country Representative, Jack JooRee, said the country should focus on maintaining sound economic policies. He said the policies should be relayed to the public to win the trust of industries and market in the wake of volatile political situation.

IMF has constantly warned Malawi about overborrowing, cautioning the Treasury that the economy will be crippled. In May this year, the IMF has inquired from the Treasury about fiscal balance payments that were missed in the first half of the 2018/19 financial year. IMF resident representative Jack Ree confirmed that the discussions are focusing on corrective measures on the unmet target of the three-year $112 million (about K82 billion) Extended Credit Facility (ECF) program.