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- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
#CannesLions
- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
#CannesLions
- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
#CannesLions
- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
#CannesLions
- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
#CannesLions
- The new standardCarl Willoughby
- All the South African winnersDanette Breitenbach
- Final Grande Prix and LionsDanette Breitenbach
Malawi requires new IMF programme
![Malawi requires new IMF programme](https://biz-file.com/c/1001/42332.jpg)
Malawi became the first country to implement a year-long IMF low interest loan programme called Exogenous shocks Facility (ESF) where it used US$77.1m to support the terms of trade shocks as a result of hiking prices of fuel and fertiliser.
Since the expiry of this programme last year, Malawi has been anxiously waiting for another economic programme, which will be the bedrock of its economic activities.
“It is a do or die situation,” said Dr. Perks Ligoya, Malawi's central bank governor, to a local daily adding that they are doing everything possible for this to work saying they “need this programme to save the economy.”
Already, indicators of how bad things might get have started showing; Malawi, which needs a minimum of three months of import cover as per international recommendation, now has an equivalent of 1.38 months of import cover.
According to latest minutes of the Monetary Policy Committee of the central bank as of 13 November 2009, official foreign reserves had dropped to US$177.9 million.
![Gregory Gondwe](https://biz-file.com/b/1310/19977-140x210.jpg?2)
About Gregory Gondwe
Gregory Gondwe is a Malawian journalist who started writing in 1993. He is also a media consultant assisting several international journalists pursuing assignments in Malawi. He holds a Diploma and an Intermediate Certificate in Journalism among other media-related certificates. He can be contacted on moc.liamg@ewdnogyrogerg. Follow him on Twitter at @Kalipochi.![](/res/img/s.gif)