IMF terminates a $175 million loan for Malawi

国际货币基金组织终止了对马拉维的1.75亿美元贷款。

World Business Report

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2025-05-16

26 分钟
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The International Monetary Fund has terminated a $175 million loan programme with Malawi, citing poor economic management. The IMF said Malawi, one of the poorest countries in the world, had failed to fully restructure its unsustainable debt, but the country’s government argues that it has decided to suspend this until after the elections in September this year. Rahul Tandon heard from Malawi Finance Minister Simplex Chithyola Banda and the IMF Mission Chief. And we will look at President Trump saying that India offered to drop all tariffs on US goods, something India swiftly denied. Total airline revenue for ancillary services like baggage and seat selection is set to reach 145 billion according to the International Air Transport Association.
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  • Hello and welcome to World Business Report from the BBC World Service.

  • I'm Rahul Tandon.

  • On this edition, is India about to drop its tariffs on US products?

  • And we look at the new ways airlines are making money.

  • I think what for us is important is to make sure that the customer has a realistic price proposition.

  • Well,

  • we offer the ticket and then it's optional whether you want to further expand it with specific seats or specific food options.

  • But we're going to start the programme in Africa and look at one of the poorest countries in the world.

  • We are talking about Malawi.

  • According to the World Bank, more than 70% of its population lives on less than $2.15.

  • So it's a country that desperately needs more investment and access to capital.

  • So the decision by the International Monetary Fund to terminate a $175 million loan programme,

  • whilst in the scale of the global economy it's not a huge amount,

  • is a very serious blow to its faltering economy.

  • We'll hear from the country's finance minister in a few minutes.

  • But Patrick Koyokwa is a Malawian farmer who's been telling me about the economic challenges that he and other people are now facing.

  • Currently, the economic landscape is not favourable for most of us.

  • There's been a lot of increase in prices of just general basic needs for us.

  • We're talking about basic needs like sugar, bread and maize, which is our staple food.

  • So there's been a general increase for us and most households cannot afford to have three meals