Malawi: IMF squeezes Malawi to free Kwacha currency

The International Monetary Fund (IMF) has minced no words but directed the Malawi government to institute a liberalised exchange rate regime as a way to manage the overvauled local currency, the Kwacha. This is contained in a report titled ‘Liberalization of the foreign exchange regime for current account transactions and exchange rate flexibility’ on Malawi by IMF’s Mission chiefs Etibar Jafarov, Nadia Rendak and Kelly Eckhold with Morten Jonassen Norges Bank.