In the recent Country Report for Malawi, the Internal Monetary Fund noted that Malawi has plans for infrastructure projects that seek to support sustainable growth and poverty reduction, to which IMF has advised fiscal authorities to strengthen public investment management through rigorous prioritisation of projects and improved project management framework.

The tip comes as the African Development Bank (AfDB) reported that Malawi has a weak public investment management, especially in parastatals, which hinders economic development.

The Bretton Wood institution has cautioned that in implementing these projects, it will be important to ensure that financing preserves debt sustainability and contains fiscal risks.