AfDB Withdraws K52.7 Billion as Malawi Faces Mounting Donor Compliance Concerns
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Malawi has lost approximately K52.705 billion in African Development Bank (AfDB) funding after the institution revised downwards its African Development Fund (ADF-16) allocation for the 2023–2025 cycle from K174.6 billion to K121.895 billion, citing weak co
AfDB Withdraws K52.7 Billion as Malawi Faces Mounting Donor Compliance Concerns
Malawi has lost approximately K52.705 billion in African Development Bank (AfDB) funding after the institution revised downwards its African Development Fund (ADF-16) allocation for the 2023–2025 cycle from K174.6 billion to K121.895 billion, citing weak compliance with procurement rules, financial management gaps and deteriorating governance indicators. The AfDB says the revision follows weaker Country Policy […] The post AfDB Withdraws K52.7 Billion as Malawi Faces Mounting Donor Compliance Concerns appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more
