“The study found that in Malawi there are clear procedures and legislations for issuing and management of domestic debt spelt out in the Public Finance Management Act of 2003. Since 2004, the government of Malawi has managed to achieve macroeconomic stability which has among other things resulted in declining levels of domestic debt. However, there are other aspects of the overall domestic debt management practices that need attention by the various actors in the process. There is need for the Ministry of Finance and the Reserve Bank of Malawi to synergise their activities for better management of public debt. It is also important that the draft debt and aid management policy should be adopted by government as a matter of urgency.”
