Malawi: World Bank Paints Gloomy Picture of Malawi's Economy, Raises Red Flag On Soaring Wage Bill - Govt Says It Is Addressing the Crisis

Malawi: World Bank Paints Gloomy Picture of Malawi's Economy, Raises Red Flag On Soaring Wage Bill - Govt Says It Is Addressing the Crisis

The World Bank has sounded one of its sternest warnings yet on Malawi's deteriorating public finances, highlighting a ballooning wage bill, crippling debt, and deep structural weaknesses--raising questions about whether the country is sliding into a full-blown fiscal crisis.

World Bank urges Malawi to take tough fiscal reforms

By Suleman Chitera The World Bank has issued a strong warning to the Malawi government, calling for immediate fiscal consolidation to stabilise the country’s deteriorating economy. Speaking in Lilongwe today during the launch of the Malawi Public Finance Review, World Bank Country Manager Firas Raad said Malawi must tighten both revenue and expenditure controls to restore macroeconomic stability. The report highlights eight major concerns, inclu…

World Bank Paints Gloomy Picture of Malawi’s Economy, Raises Red Flag on Soaring Wage Bill — Govt Says It Is Addressing the Crisis - Malawi Nyasa Times - News from Malawi about Malawi

The World Bank has sounded one of its sternest warnings yet on Malawi’s deteriorating public finances, highlighting a ballooning wage bill, crippling debt, and deep structural weaknesses—raising questions about whether the country is sliding into a full-blown fiscal crisis. Releasing its Public Finance Review at BICC in Lilongwe, the Bank drew sharp attention to what […] The post World Bank Paints Gloomy Picture of Malawi’s Economy, Raises Red F…