WIRE — Initially, they thought it was the "hoarding bet". But economists now call it a sequencing error. Prior to securing the previous Extended Credit Facility (ECF) with the International Monetary Fund (IMF) in November 2023, Malawi devalued the kwacha twice. Firstly by 25 percent in May 2022 and secondly in November 2023 by 44 percent. Four The post Economists, others review post-devaluation impact appeared first on Nation Online.
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