EU BACKS MALAWI’S DEVALUATION WITH €60 MILLION AID TO CUSHION IMPLEMENTATION
LILONGWE - The European Union (EU), one of Malawi’s traditional partners in development and aid, has committed €60 million aid to help the Malawi Government cushion its citizens against the impact of the 44% devaluation alignment implemented last week. The EU Ambassador to Malawi, Rune Skinnebach has expressed that Malawi has made a right decision to re-align the Kwacha and...
