IMF discussing program for Malawi, Georgieva says

PUBLISHED: Thu, 06 Oct 2022 16:56:55 GMT
Andrea Shalal
Reuters
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IMF managing director Kristalina Georgieva speaks during a panel discussion at the COP26 UN Climate Summit in Glasgow on November 3, 2021. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

WASHINGTON, Oct 6 (Reuters) – The International Monetary Fund is discussing a lending program with Malawi, which is in a “very difficult situation,” IMF Managing Director Kristalina Georgieva said on Thursday.

Georgieva, answering questions from students at Georgetown University, said IMF loans could help bring in other lenders and aid.

In Malawi’s case, she said, the IMF hoped to see the World Bank and other organizations also provide grants.

This is a developing story…

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