The International Monetary Fund (IMF) says it is prepared to move quickly on a new credit programme for Malawi but has stressed that any financial support will depend on the government’s commitment to implementing key economic reforms.
IMF Resident Representative Nelnan Koumtingue said discussions with Malawian authorities are centred on the country’s National Economic Recovery Plan and how the fund can support it through an Extended Credit Facility arrangement.
The comments come after an IMF mission concluded its visit to Malawi earlier this month without reaching a final agreement. Despite the delay, both sides say negotiations remain active.
A spokesperson for Finance Minister Joseph Mwanamvekha confirmed that talks are continuing, adding that the government and the IMF have agreed on a roadmap toward securing a new programme, although further details were not disclosed.
Malawi’s National Economic Recovery Plan outlines a five-year strategy aimed at stabilising the economy by tackling rising debt, strengthening public finances, fighting corruption and expanding social protection during the reform process.
The country is seeking fresh financial support after its previous $175 million IMF programme expired in May 2025. Malawi received only an initial disbursement of $35 million after failing to complete a required programme review within the agreed timeframe.
The Southern African nation continues to face significant economic challenges, including a heavy debt burden, foreign currency shortages and declining donor support, making a new IMF agreement a key priority for its economic recovery.
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