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World Bank: $150 million in budget support for Malawi

23/12/2022
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Government of Malawi will benefit from two grants worth a total of $150 million from the Banque mondiale in order to support its budget. The information was made public on Monday, December 19, by the Malawi Broadcasting Corporation Via a publication on its official page. Facebook .

Malawi's economy remains subject to several challenges, despite the economic recovery recorded by the country in 2021 after the shock of Covid-19. The government benefits from the support of several development partners, including in order Banque mondiale to face these challenges.

Indeed, the first funding of $50 million will be directly integrated into the budget and will be used to “support maize purchases and the fight against cholera.” The second of $100 million will be part of an emergency health project. A project whose vision is to strengthen the deployment of health personnel and other needs in the sector.

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