IMF deal: APM 'agrees' to devalue Malawi Kwacha Malawians must brace for another kwacha devaluation as President Arthur Peter Mutharika’s (APM) government pursues a fresh IMF deal, threatening more pain for households already struggling with high living costs. In a pre-recorded interview with the Malawi Broadcasting Corporation (MBC) before departing for his fifth private trip to South Africa since returning to power last year, President Peter Mutharika acknowledged that rebuilding Malawi’s economy was proving harder than he had anticipated. He pointed to a new ECF programme as one route towards stabilisation, alongside domestic measures and other international support, as the country continued to grapple with high inflation and foreign-exchange shortages. Read full story at: malawi24.com/2026/10/07/imf-…