The Maravi Post

LILONGWE—Donors, who are yet to release their financial assistance to Malawi, are meeting in Lilongwe today under the Common Approach to Budget Support (Cabs) to review Malawi’s 2012/13 fiscal year.
 
This comes hot on the heel of Malawi government’s economy recovery plan rolled out last week. The plan aims to mitigate the effects of the currency devaluation which have increased the cost of living.
 
Donors froze aid to Malawi over concerns about economic mismanagement and a deteriorating human rights record during the Bingu wa Mutharika administration. Mutharika died in April this year and was succeeded by then vice president Joyce Banda.

Speaking last week at the UN General Assembly, Pres Banda said her government was committed to addressing the economic challenges and other issues raised by developed partners.
 
Malawi receives budget support from United Kingdom (UK), Norway, the African Development Bank (AfDB), European Union (EU), the World Bank and Germany whereas the United Nations Development Programme (UNDP) and the International Monetary Fund (IMF) come in as private observers.
 
The meeting on Tuesday will review the economic management, public financial management, human rights and the targets for individual sectors as health, education and agriculture.
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(c) The Maravi Post 2012. Reproduction without acknowledgement prohibited.

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