Malawi Weekly News Roundup

MALAWI: Sosten Gwengwe, Minister of Finance and Economic Affairs, has expressed confidence that the country will be accepted into the International Monetary Fund's (IMF) Extended Credit Facility (ECF) programme, with the IMF mission arriving in the country on Wednesday next week.

Meanwhile, Finance Minister Sosten Gwengwe says the country's economic situation may worsen before it improves as authorities lay a solid foundation for long-term macroeconomic policies.

According to economist Frank Ngalande, the country can only achieve sustainable debt levels by increasing investment in productive sectors.

The government has received $77.6 million (approximately K66 billion) from the United Nations (UN) to help implement Malawi's Covid-19 Socio-Economic Recovery Plan, which President Lazarus Chakwera launched last December.

The case of ACB Director Martha Chizuma, who is challenging an order for a criminal investigation into her leaked telephone conversation, has been adjourned to May 30 by High Court Judge Annabel Mtalimanja.

Former Tobacco Commission boss Kaisi Sadala has been granted bail by Lilongwe Senior Resident Magistrate Chimwemwe Chimwaza.

According to the Malawi Vulnerability Assessment Committee's Integrated Food Security Phase Classification report on Chronic Food Insecurity in Malawi, approximately 5.4 million Malawians live in rural and secondary urban areas and face moderate or severe chronic food insecurity.

The conflict between two rival camps over chieftaincy in Rumphi is far from over, as the Camp for Mtima Gondwe today refused to attend an engagement meeting aimed at resolving their differences peacefully.

Sources: Nation Online, Zodiak Online, and Times 360 News

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