Forget Budgetary Support: Britain Tells Peter Mutharika

Britain has told President Peter Mutharika’s government to completely forget getting any budgetary aid support despite Minister of Finance Goodall Gondwe promises that donor partners will resume their aid support.

Mutharika's government won IMF favor

Mutharika’s government won IMF favor

Britain and other donor countries suspended budgetary aid to the poor Southern African nation in 2012 following massive theft of public funds at Capitol Hill, Lilongwe amounting to over K22 billion by politicians, government officials and private businesspersons in what was described as Cashgate Scandal.

British High Commission to Malawi Michael Nevin said despite Malawi qualifying for International Monetary Fund (IMF) extended credit facility, the country should forget budgetary aid support from the European country.

“It is not only in Malawi, we are moving away from this type of support in many countries,” Nevin said.

Gondwe announced that World Bank and European Union are set to resume budgetary support towards the presented a K1.2 trillion 20016/17 national budget.

Out of the K1.2 trillion, government will only be able to provide up to K965.2 billion and the rest will depend on donors’ support.

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