US EditionPrivate sector credit drops to 23 percent
Summary by Times Malawi
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Private sector credit drops to 23 percent
By Kingsley Jassi: A credit distribution study by International Finance for Agriculture Development (Ifad) has found a huge drop of banks’ financing to the private sector, from 50 percent in 2010 to just 23 percent in 2024. Ifad Country Director Bernadette Mukonyola shared this in Lilongwe on Thursday during the launch of a $24 million intervention called Blended Rural Finance Facilities (BRFF), a catalytic facility that intends to unlock financ…
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