Michael Pamwangu Mwangosi

CONGRATULATIONS BROTHER

Brethren, join me in celebration birthday 🎈🥳🥳 for my brother, friend and partner. Enjoy your day Balabai.

Count your life by smiles, not tears. Count your age by friends, not years. Happy birthday my Angel 🎈🎈🎈

What is your opinion for MIP 2030?
- Amidst domestic economy crisis.

Cyclone Freddy

Same Malawi battling 1.32Trillion budget deficit.

God have mercy

RIP. 500 people 💔 💔 💔

Point to ponder.

The real war is economic war not political wrangles.

Kodi kwathu Tikutani

Pamwangu KILETA

Our culture, our pride

This is coming and this is real, Malawi lets prepare for this because we won't be spared.

🆕 The global economy will slow from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023. Read our analysis in the World Economic Outlook. https://www.imf.org/en/Publications/WEO/Issues/2022/10/11/world-economic-outlook-october-2022

IMF Growth Forecast: 2023

USA🇺🇸: 1%
Germany🇩🇪: -0.3%
France🇫🇷: 0.7%
Italy🇮🇹: -0.2%
Spain🇪🇸: 1.2%
Japan🇯🇵: 1.6%
UK🇬🇧: 0.3%
Canada🇨🇦: 1.5%
China🇨🇳: 4.4%
India🇮🇳: 6.1%
Russia🇷🇺: -2.3%
Brazil🇧🇷: 1%
Mexico🇲🇽: 1.2%
Saudi Arabia🇸🇦: 3.7%
Nigeria🇳🇬: 3%
South Africa🇿🇦: 1.1%

Inflation is at historic highs, with many facing cost-of-living and energy crises. More countries face a debt crisis and the risk of global fragmentation has increased. How should policymakers respond?

Watch our debate on the global economic outlook with IMF Managing Director Kristalina Georgieva, Finance Minister of Nigeria Zainab Ahmed, United Nations Special Envoy for Climate Action and Finance Mark Carney, Minister for Finance of Ireland Paschal Donohoe, and Cambridge University’s Mohamed A. El-Erian.

🗓 October 13
🕑 2:00 PM ET | 6:00 PM UTC
🌐 https://meetings.imf.org/en/2022/Annual/Schedule/2022/10/13/imf-seminar-debate-on-the-global-economy
#️⃣

Lets understand the business concept of International Monetary Fund IMF. IMF offers:

Stand-By Arrangements (SBAs)

Extended Fund Facility (EFF)

Precautionary and Liquidity Line (PLL)

Flexible Credit Line (FCL)

Standby Credit Facility (SCF)

Extended Credit Facility (ECF)

Policy Coordination Instrument (PCI)

Policy Support Instrument (PSI)

The Resilience and Sustainability Facility (RSF)

Malawi is indeed of ECF and what is this,

The Extended Credit Facility (ECF) provides financial assistance to countries with protracted balance of payments problems. The ECF was created under the Poverty Reduction and Growth Trust (PRGT) as part of a broader reform to make the Fund’s financial support more flexible and better tailored to the diverse needs of low-income countries (LICs), including in times of crisis. The ECF is the Fund’s main tool for providing medium-term support to LICs.

Purpose.
The ECF supports countries’ economic programs aimed at moving toward a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth. The ECF may also help catalyze additional foreign aid.

Eligibility.
The ECF is available to all PRGT-eligible member countries that face a protracted balance of payments problem, i.e. when the resolution of the underlying macroeconomic imbalances would be expected to extend over the medium or longer term.

To be continued>>>>>>>>>

Start leadership toady. Don't wait until you reach 65+