LILONGWE, June 28, 2023 – A series of external and domestic shocks are putting acute pressure on Malawi’s macro-economy, increasing the urgency to protect essential services for the vulnerable says the latest World Bank’s Malawi Economic Monitor (MEM).The 15th Edition of the MEM underscores significant deterioration in the government’s finances, with the deficit reaching its highest level in over a decade. For several years, spending has exceeded revenues while the country has imported more than it exports.
