Malawi to cut spending if donors reduce aid
Malawi is ready to
cut its spending in order to sustain growth if foreign donors reduce
crucial aid, Finance Minister Ken Kandodo said on Monday. Britain’s
Department for International Development (DFID) said last week it was
adjusting its programme in Malawi as part of a global review of
bilateral aid.
“The forecast for the global economic recovery remains
uncertain on account of huge budget deficits in major economies of the
world and the expenditure cuts in these countries has the potential of
upsetting the growth prospects of other countries including ours,” Mr
Kandodo said.
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