Malawi President-Elect Targets Economic Revival, New IMF Program

Malawi’s president-elect said he will prioritize reviving the struggling economy after returning to power and that he will urgently seek a new financing program with the International Monetary Fund.

Peter Mutharika reclaimed the presidency five years after he was voted from office by resoundingly winning last week’s elections — a backlash against outgoing leader Lazarus Chakwera’s shortcomings in managing a cost-of-living crisis and widespread gasoline shortages.