Malawi: IMF Demands Kwacha Devaluation Again So More Malawians Suffer - Chakwera Says Not This Time!

Malawi: IMF Demands Kwacha Devaluation Again So More Malawians Suffer - Chakwera Says Not This Time!

In a bold and defiant stance, Reserve Bank of Malawi Governor Dr. Mafuta Mwale has outright rejected a fresh proposal from the International Monetary Fund (IMF) to once again devalue the Malawian Kwacha--calling the advice a reckless prescription that has already wreaked havoc on millions of lives.

Will Malawi give in to IMF pressure to devalue the kwacha again? Malawi 24 | Latest News from Malawi

The government of Malawi is under pressure from the International Monetary Fund (IMF) to devalue its currency, the Kwacha, once again. This has sparked strong debate both inside and outside the country. The IMF says Malawi must further lower the value of the Kwacha as part of the conditions for continued financial assistance. This comes […] The post Will Malawi give in to IMF pressure to devalue the kwacha again? appeared first on Malawi 24.

Exchange rate gap alarms IMF

The International Monetary Fund (IMF) has said a unified and market clearing exchange rate is critical to reducing imbalances and supporting Malawi’s growth objectives. But Reserve Bank of Malawi G…

IMF Demands Kwacha Devaluation Again so More Malawians Suffer: Chakwera Says Not This Time!

In a bold and defiant stance, Reserve Bank of Malawi Governor Dr. Mafuta Mwale has outright rejected a fresh proposal from the International Monetary Fund (IMF) to once again devalue the Malawian Kwacha—calling the advice a reckless prescription that has already wreaked havoc on millions of lives. This comes after an IMF mission led by […] The post IMF Demands Kwacha Devaluation Again so More Malawians Suffer: Chakwera Says Not This Time! appear…