Forex bills were underestimated - Ministry of Finance

From Face of Malawi Mon Dec 24 2012, 10:23:07

The Ministry o f Finance has said the country's outstanding foreign currency arrears accumulated due to lack of foreign currency were way beyond the US$1 billion as initially estimated. Deputy Minister of Finance Ralph Jooma told a press briefing in Lilongwe on Friday that despite receiving a total of US$800 million from donors as well [...]

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