Malawi president hopes IMF review will unlock frozen aid


  • World
  • Saturday, 18 Jan 2014

LILONGWE (Reuters) - President Joyce Banda said on Saturday that Malawi was on the right track after an economic review by the International Monetary Fund and expressed hopes that donors would release funds frozen over graft allegations.

The IMF on Friday rated the southern African nation's economic performance "broadly satisfactory" after completing its third and fourth reviews under a credit facility, enabling the IMF to disburse around $20 million.

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