European Union to maintain direct budget support

Boosting Malawi's Economy: EU to Continue Vital Direct Budget Support - Business Malawi

Key Business Points The European Union will continue providing direct budget support to Malawi despite the cancellation of the International Monetary Fund’s (IMF) Extended Credit Facility (ECF). The EU’s budget […] The post Boosting Malawi’s Economy: EU to Continue Vital Direct Budget Support appeared first on Business Malawi.

European Union to maintain direct budget support

The European Union (EU) will continue providing direct budget support to Malawi despite the recent cancellation of the International Monetary Fund’s (IMF) Extended Credit Facility (ECF). However, the EU Ambassador to Malawi Rune Skinnebach said absence of the IMF programme will make implementation more challenging. He told Times Radio’s Kulinji Programme on Tuesday that while an IMF programme is not a condition for the EU’s budget support, it si…