World Bank and Malawi inks two loan deals, worth MK34 Billion


Two loan deals, worth MK34 billion (about US$83.8 million) has been inked by the World Bank and Malawi, aimed at toughening the social safety net and skills development. 

The projects are very significant for Malawi s development and its future.

According to Laura Kullenburg, The bank expects that the two programmes should aim at strengthening the country s social safety net delivery system so that people earn wages and achieve greater food security as well as right skills young people to be able to find jobs that will release them from poverty . 

Malawian Finance Minister Goodall Gondwe commented that the World Bank for the financial assistance to Malawi.

He stated, We are very grateful to the bank for this support which will go a long way in assisting Malawians to come out of poverty .

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