IMF / GEORGIEVA MALAWI CHAKWERA

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18-Mar-2022 00:02:32
The President of Malawi, Lazarus Chakwera, held a meeting on the African country’s economy with IMF Managing Director Kristalina Georgieva on Friday at the IMF headquarters in Washington, DC. IMF

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STORY: IMF / GEORGIEVA MALAWI CHAKWERA
TRT: 2:32
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: NATS

DATELINE: 18 MARCH 2022, WASHINGTON DC

SHOTLIST:

18 MARCH 2022, WASHINGTON DC

1. Wide shot, motorcade of Malawi President Lazarus Chakwera arrives at IMF Headquarters
2. Med shot, Malawi President Lazarus Chakwera being greeted
3. Wide shot, IMF Managing Director Kristalina Georgieva greeting President Chakwera
4. Tracking, Georgieva walking through building with President Chakwera
5. Close up, Georgieva speaking with President Chakwera
6. Zoom out, Georgieva photo-op with President Chakwera
7. Tilt down, IMF and Malawian delegations photo-op
8. Various shots, Georgieva walking through building with President Chakwera
9. Various shots, Chakwera and Georgieva speaking in office
10. Various shots, Georgieva and Chakwera in conference room with officials
11. Various shots, Georgieva and Malawi delegation departing

STORYLINE:

The President of Malawi, Lazarus Chakwera, held a meeting on the African country’s economy with IMF Managing Director Kristalina Georgieva on Friday (18 Mar) at the IMF headquarters in Washington, DC.

Malawi is struggling with debt issues, exacerbated by the impact of COVID-19 and more recently with the rising costs of food and oil imports. It relies on tobacco exports as its main source of external income.

Malawi is in talks with international lenders to restructure as much as one billion USD of debt as the nation seeks an economic programme from the International Monetary Fund.

Malawi owes 757 million USD to Afreximbank and 145 million USD to the Eastern and Southern Trade and Development Bank, along with 209 million USD of arrears, as of December 2020, according to the IMF.

The IMF typically requires countries to construct credible reforms to prove that they can sustain their debt payments before offering loans.
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