Govt denies Malawi Kwacha devaluation call

Government has dismissed reports suggesting that Malawi is negotiating with the International Monetary Fund (IMF) to devalue the Malawi Kwacha under a new Extended Credit Facility (ECF) programme.

In a statement, Minister of Information and Communications Technology Shadric Namalomba said devaluation of the Kwacha is not under discussion with the IMF and is not part of the current negotiations.

Namalomba said reports suggesting that government is negotiating for a devaluation are incorrect, urging the public, businesses and the media to rely on verified information from government and relevant monetary authorities.

The minister said the IMF mission, which visited Malawi from September 22 to October 6, 2026, recognised progress in the country’s economic reform efforts and noted considerable progress towards developing policies and reforms that could support a new ECF arrangement.