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By Temweni Nga'mbiThe World Bank has pledged to support Malawi with $50 Million to be used in rehabilitating infrastructures that got affected by the floods that hit the nation earlier his year.
This is however only in response to the floods as World Bank is yet to resume budgetary support to Malawi following the Cashgate scandal where over $100 million was stolen from the Capital Hill.
This follows a meeting by World Bank's nine Executive Directors with President Peter Mutharika and Minister of Finance, Goodall Gondwe.
According to Gondwe, the funds will surely be f great help to the government n the quest to end problems that arose due to the flood situation.
Among others, the rains destroyed, roads, bridges, schools and other public facilities in the country.
"I am pleased to inform Malawians that the bank is going to assist us with some $50 million that will be channelled to rehabilitate places affected by floods," Gondwe said.
At the meeting, the Malawi leader echoed the call for help from the donor community while agreeing that Malawi was under economic setbacks.
"This government took leadership of this country nine months ago and for your information we inherited a number of problems. The government was almost bankrupt because most of our donor partners left after the cash gate scandal. As you might be aware 40 percent of our recurrent budget was from donor support and by sizing the assistance it meant hardships for the country. The Minister of Finance has tried his best but suffice to say that we need your support," said Mutharika.
So far the floods are reported to have killed 176 people with 200,000 others left destitute.
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