By Arkangel Tembo, Washington DC, USA

Washington DC, October 1, Mana: President Dr Lazarus Chakwera has assured the International Monetary Fund (IMF) and the World Bank that Malawi will remain on track to ensure that it's economy is flourishing.

President Chakwera was speaking during a high-level meeting with Managing Director of IMF Ms. Kristalina Georgieva and World Bank Managing Director for Operations Ms. Anna Bjerde, in Washington DC United States of America.

"It was imperative for President Dr Lazarus Chakwera to meet leaders of the two banks to assure them of his commitment to turn around Malawi's economy for the betterment of its citizenry." Minister of Finance Chithyola Banda said.

After attending the United Nations General Assembly-UNGA, President Chakwera arrived in Washington DC to have a one on one talk with the World Bank and the International Monetary Fund.

According to Chithyola Banda who accompanied the President among other government officials, high on the agenda was to brief the IMF on the progress of the Extended Credit Facility (ECF) as well as what Malawi is doing on the issue of debt restructuring.

He said the President has hailed the IMF for its support to Malawi when it was needed most.

Chithyola Banda said the President also held a meeting with World Bank Managing Director for Operations Ms. Anna Bjerde, at World Bank Headquarters solely to appreciate the bank's support to Malawi in many areas of Development.

He cited the support towards Social Cash Transfer and the energy sector to which the bank is implementing in Malawi through the JCM solar power.

Chithyola Banda said the World Bank has also commended Dr Chakwera for being the Champion of mobilizing financial support to many African countries.

President Chakwera is in Washington DC after attending the United Nations General Assembly -UNGA in New York a few days ago where he addressed the Assembly on many issues affecting Malawi and other developing countries, which include climate change and debt.