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Malawi’s president sought urgent IMF aid to combat inflation, forex shortages, and economic instability, with the IMF promising support for Malawi’s recovery plan.
Malawi’s President Peter Mutharika met with IMF Africa Director Abebe Selassie to seek urgent financial support amid a deepening economic crisis marked by inflation, foreign exchange shortages, and fiscal strain.
The president appealed for assistance to import essential goods and stabilize the economy, emphasizing the need to restore macroeconomic stability and support vulnerable populations.
The IMF pledged to respect Malawi’s homegrown recovery strategy and avoid imposing external policies, focusing instead on practical solutions and coordination with donor partners to bolster sustainable development.
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El presidente de Malawi solicitó ayuda urgente del FMI para combatir la inflación, la escasez de divisas y la inestabilidad económica, y el FMI prometió apoyo al plan de recuperación de Malawi.