President Dr Lazarus McCarthy Chakwera on Sunday 18th June met with the African Export-Import Bank (Afreximbank) Board Chairman Prof. Benedict Oramah where they among others, discussed repayment of the country’s debt that was incurred by Democratic Progressive Party (DPP) regime.
The Malawi leader met Oramah on the sidelines of the 30th Afreximbank Annual Meetings taking place in Accra, Ghana from 17 to 21 June 2023.
The Chakwera led administration is leaving no stone unturned in it’s quest to qualify for the Extended Credit Facility (ECF).
The country is currently in talks with international lenders to restructure as much as $1 billion of debt as it seeks an economic program from the International Monetary Fund (IMF).
A significant portion of the external debt with which the country is currently contending originates from Afreximbank and the Chinese Government.