Malawi risks losing 10.5 million euro (about K19 billion) European Union (EU) funding due to Treasury’s failure to facilitate district councils’ opening of foreign currency-denominated accounts (FCDAs) with commercial banks, it has emerged. The EU had requested that the FCDAs for councils should be operational by the end of November 2024. The resources, according to […]
By Burnett Munthali A delegation from the European Union (EU), along with representatives from the embassies of Ireland, Iceland, and Norway, visited the Mlinde Catchment Area in Traditional Authority Malili, Lilongwe, yesterday to witness the significant impact of Malawi’s Social Cash Transfer and Enhanced Public Works programmes. The visit aimed to highlight the positive effects […]
By Draxon Maloya Governance and Human Rights advocate Undule Mwakasungula has commended government for the sound fiscal monetary policies that have resulted into enticing the European Union (EU) to resume the budgetary support to Malawi after a decade-long pause. The EU has allocated €55 million, with €50 million directed towards budgetary support over 30 months, a significant […]
By Burnett Munthali In a significant development for Malawi’s financial landscape, the European Union (EU) has officially resumed budget support to the country after more than ten years. The announcement was made on Wednesday, marking a crucial step towards strengthening Malawi’s public services, particularly in the education sector. The total value of the support amounts […]
