The International Monetary Fund (IMF) has approved the disbursement of $15.4 million to Malawi as part of a three-year loan arrangement. This is geared towards boosting Malawi’s economy while assisting with financial reforms.
The $108.2 million three-year arrangement was approved in April this year and the current draw brings the total disbursements under the arrangement to $30.9 million, the fund said.
Read more at Reuters