- Malawi is to benefit from a grant of $14.67 million from the African Development Bank (AfDB) which will help alleviate poverty and strengthen the public financial management reform programmes, the bank announced today in a statement.
The AfDB, which has joined other world instuitutions in recognising Malawi's efforts to maintaining economic growth, said the grant was designed to ensure that the country has sound public finance management for the efficient use of public resources and to create fiscal space for enhanced social services delivery.
Following the announcement of the grant, the government of Malawi said the grant was essential for the implementation of the Millennium Development Goals (MDGs), The Daily Times of Malawi reported.
“The Government is pleased that once again, the country's persistent strong economic performance continues to attract the support and commitment of development partners,” the newspapers quoted a government official to have said.
Though no specific projects have been mentioned, the grant will help Malawi expand its rural food security and infrastructure development.
Malawi, though currently dealing with the pre-election tides, has lately become a darling of donors, especially in food security and helping its rural population out of poverty. Current President Bingu Wa Mutharika was recently conferred with a food security award by the Food and Agriculture Organisation (FAO).
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