World Bank Resumes Budget Support to Malawi After Four Yrs

May 5, 2017 by Staff Reporter

“The Government has taken some very important reform steps and it is critical to maintain momentum and deepen reforms going forward to move Malawi out of the cycle of vulnerability and onto a positive development path,” she added.

Malawi Independent

The World Bank Board of Executive Directors has on 4th May, 2017 approved an $80 million credit to the Malawi Government for general budget support.

This is the first budget support financing approved by the World Bank for Malawi in four years.

The budget support operation, fully referred to as the Agricultural Support and Fiscal Management Development Policy Operation (DPO), is the first of a proposed series of two operations. It aims to improve incentives for private sector participation in agricultural markets and to strengthen fiscal management through more effective expenditure controls and greater transparency. The DPO supports a series of policy and institutional reforms that the Government of Malawi is undertaking in order to reduce distortions in, and improve the performance of the agricultural sector; and to restore basic public financial management and accountability systems.

“The Malawi Government is committed to ‘breaking the cycle’ of vulnerability in Malawi, by…

View original post 375 more words

Advertisements

Visits Today

  • 255,915 hits

Categories

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 15,319 other followers

May 2017
M T W T F S S
« Apr   Jun »
1234567
891011121314
15161718192021
22232425262728
293031  

Member of The Internet Defense League

%d bloggers like this: