Blantyre (Malawi) – Foreign donors on Tuesday made the decided to maintain a freeze on a $150-million aid package imposed on impoverished Malawi in the wake of a high-level corruption scandal which took place in 2013.
Alexander Baum, the chief of the European Union mission to Malawi said that the donors had met to review an earlier decision and agreed that “challenges in public finance management continue to be serious”.
A total of 40% of Malawi`s budget is provided by International donors and about $150 million (110 million euros) was frozen in 2013 when a discovery was made that millions had been siphoned from the government.
“More action is required to tighten the system to avoid continuous leakages,” said Baum.
President Joyce Banda commissioned British auditors who produced a report showing that$30million had been stolen within a period of 6 months in 2013.
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