Malawi’s Economy To Grow As Much As 5 Percent in 2018: IMF

By Frank Phiri

Malawi’s economy is expected to grow by 3 to 5 percent in 2018 and by as much as 7 percent in the medium term as the southern African nation recovers from drought-induced stagnation, the International Monetary Fund said on Wednesday.

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“Growth will be supported by enhanced infrastructure investment and social services as well as an improved business environment,” the international lender said in a statement at the end of a country mission that included meetings to discuss the extension of a multi-million dollar loan.

Malawi has a total public debt of $3.50 billion, with about a third of that in external debt.

 Editing by Hugh Lawson

Source: af.reuters.com

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