Malawi says aid flowing back with IMF backing

ADDIS ABABA – Aid from major donors is flowing back to Malawi after the International Monetary Fund (IMF) backed the southern African country’s economic policies and efforts to seek financing, Malawian ministers said on Monday.

The IMF issued a so-called “letter of comfort” for the impoverished nation last month, giving a thumbs-up to its efforts to seek financial aid and loans.

“Based on this, a lot of donors are releasing aid,” Foreign Minister Mganda Chiume told reporters on the sidelines of an African Union (AU) summit in the Ethiopian capital.

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