News Summary: IMF chief in Malawi to assess reform

Updated at: 01/04/2013 11:07 AM
By The Associated Press

FOR REFORM: The chief of the International Monetary Fund visited Malawi on Friday in a show of support for the southern African nation’s decision to pursue tough economic reforms despite widespread opposition to the measures.

TAKING FLAK: Malawi’s president has been criticized by domestic opponents for sharply devaluing the national currency in line with prescriptions from the Washington-based international lender.

STRUGGLE TO GET BY: Malawi, one of Africa’s poorest countries, is struggling with high inflation that has made the costs of goods and services difficult to afford for many citizens.

(Copyright 2013 by The Associated Press. All Rights Reserved.)