IMF terminates a $175 million loan for Malawi

World Business Report

The International Monetary Fund has terminated a $175 million loan programme with Malawi, citing poor economic management. The IMF said Malawi, one of the poorest countries in the world, had failed to fully restructure its unsustainable debt, but the country’s government argues that it has decided to suspend this until after the elections in September this year. Rahul Tandon heard from Malawi Finance Minister Simplex Chithyola Banda and the IMF Mission Chief. And we will look at President Trump saying that India offered to drop all tariffs on US goods, something India swiftly denied. Total airline revenue for ancillary services like baggage and seat selection is set to reach 145 billion according to the International Air Transport Association.