Govt confirms that the K12.56tn public debt is unsustainable

Finance and Economic Affairs Minister, Simplex Chithyola Banda, has reiterated that Malawi’s public debt of MK12.56 trillion, exacerbated by the exchange rate realignment, is unsustainable. The government, however, has been working to sustain the debt through, among others, fiscal adjustment and debt restructuring negotiations with its bilateral and commercial creditors, according to Chithyola Banda. He […]

The post Govt confirms that the K12.56tn public debt is unsustainable appeared first on Malawi Nyasa Times – News from Malawi about Malawi.

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