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IMF says Malawi needs decisive and urgent policy action to stabilise its economy

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The International Monetary Fund (IMF) Executive Board has called for decisive and urgent policy action to stabilise Malawi’s economy. The comments follow a recent consultation with the Southern African nation, where the IMF noted that Malawi continues to grapple with major macroeconomic challenges, including unsustainable fiscal and debt dynamics.

The Fund emphasised the need for fiscal consolidation, particularly through strengthened domestic revenue generation, to ease inflationary pressures and improve debt sustainability. Thami Ngubeni spoke to Chifi Mhango, Chief Economist at Don Consultancy Group.

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