## IMF Staff Concludes Visit to Malawi

_IMF News, January 26, 2024_

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**Canonical URL:** [IMF Staff Concludes Visit to Malawi](https://www.imf.org/en/news/articles/2024/01/25/pr2428-malawi-imf-staff-concludes-visit)

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## Bibliographic details
- Published: January 26, 2024

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### Visit overview
- IMF staff team led by Ms. Mika Saito visited Malawi during January 22-26.
- Visit part of regular engagement with Malawian authorities and other stakeholders.
- Discussions held in Lilongwe and Blantyre.
- Press Release No. 24/28.

### Macroeconomic outlook and projections
- Malawi’s economic position described as weak, but stabilization efforts are gaining traction.
- Real GDP growth is projected to increase to 3.3 percent in 2024 from an estimated 1.6 percent last year.

### Extended Credit Facility (ECF) program implementation
- Discussions focused on implementation of macroeconomic adjustment and reforms committed under the Extended Credit Facility (ECF) arrangement approved on November 15, 2023.
- Progress on the ECF-supported program will be formally assessed in the context of the first review of the ECF arrangement, which is expected to take place in the summer.
- IMF staff underscored the importance of staying the course with the program to restore macroeconomic stability—a necessary condition to build a foundation for inclusive and sustainable growth and resilience to climate-related shocks.

### Engagements and stakeholders met
- Meetings held with:
  - Minister of Finance and Economic Affairs, Hon. Simplex Chithyola Banda
  - Minister of Trade and Industry, Hon. Sosten Gwengwe
  - Secretary to the Treasury, Professor Betchani Tchereni
  - Reserve Bank of Malawi Governor, Dr. Wilson T. Banda
  - Other senior government and RBM officials
  - Representatives of the private sector and Malawi’s development partners
- IMF staff expressed gratitude to Malawian authorities and stakeholders for constructive and open discussions and support during the visit.

### Communications
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Tatiana Mossot
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson

*IMF staff statement issued at the conclusion of the visit (January 26, 2024).*

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## References

- [Malawi and the IMF](http://www.imf.org/external/country/MWI/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2024/01/25/pr2428-malawi-imf-staff-concludes-visit_