By Suleman Chitera
Washington, D.C. — October 17, 2025: Malawi’s Minister of Finance, Economic Planning and Development, Honourable Joseph Mwanamvekha, MP, on Friday held a series of high-level meetings with the International Monetary Fund (IMF), the World Bank Group, and U.S. Government officials on the sidelines of the IMF and World Bank Annual Meetings in Washington, D.C.
The discussions focused on Malawi’s economic reforms, debt sustainability, inflation control, fiscal deficit reduction, and restoring investor confidence as the country works toward long-term economic stability under the leadership of President Professor Arthur Peter Mutharika.
Engagement with the IMF African Department
Hon. Mwanamvekha first met Mr. Abebe Selassie, Director of the IMF’s African Department, to discuss Malawi’s macroeconomic priorities and ongoing fiscal reforms.
Mr. Selassie commended Malawi for its commitment to implementing difficult but necessary economic measures and requested an update on reform progress.
In response, Hon. Mwanamvekha reaffirmed the Government’s strong political will and highlighted key fiscal consolidation measures initiated by President Mutharika, including:
Reducing unnecessary external and internal travel by government officials;
Promoting virtual meetings to cut operational costs; and
Engaging bilateral and multilateral partners to restructure or cancel parts of Malawi’s national debt.
“These measures are part of our broader plan to stabilize the economy, curb inflation, and create a foundation for inclusive growth,” said Hon. Mwanamvekha.
Meeting with U.S. Government Officials
Later in the day, the Minister met Mr. Eric Meyer, Deputy Assistant Secretary of State, who acknowledged the macroeconomic challenges Malawi is currently facing and reaffirmed U.S. bilateral support for Malawi’s economic and social programmes.
Mr. Meyer expressed concern about the impact of post-USAID funding cuts on critical sectors such as health and education but indicated optimism about renewed partnerships.
He revealed that discussions are underway with the U.S. Global Health team to revive support for HIV and AIDS, tuberculosis, and other public health programmes in Malawi.
Mr. Meyer also encouraged the Malawi Government to sustain its reform momentum and maintain open dialogue with development partners to ensure transparency and accountability.
Reinforcing Confidence in Malawi’s Economy
Hon. Mwanamvekha welcomed the continued partnership with the IMF, World Bank, and U.S. Government, noting that these engagements are crucial for restoring global confidence in Malawi’s economy.
“These meetings demonstrate our commitment to sound economic management and the confidence our partners have in Malawi’s reform path,” said the Minister. “We are determined to achieve sustainable economic recovery and growth for the benefit of all Malawians.”
The meetings form part of Malawi’s broader strategy to mobilize international support for its economic reform agenda, reduce public debt, and enhance fiscal stability.
