Finance, Economic Planning and Development Minister Joseph Mwanamveka disclosed the resumption of this important support Saturday at a Capital Hill presser.

“The IMF has their faith in the Government of Malawi’s economic management and policies which have resulted into continued strengthening of this country’s economy in the midst of negative shocks and vulnerabilities,” the Minister said.

Flanked by Reserve bank of Malawi Governor Dalitso Kabambe and Secretary to the Treasury, Cliff Chinunda, the Minister said the “approval had come at a time when Government and the people of Malawi are focused on a growth path to take advanatge of the macroeconomic stability that continue to prevail in this country.”

Mwanamveka hailed President Professor Arthur Peter Mutharika for his “ stewardship and visionary leadership in taking Malawi to this level of macroeconomic stability.”

“Our cooperating and development partners have now confidence in working with Malawi and thereby supporting its development efforts.”

On his part, Kabambe said the “ news was exciting for the nation that will ensure that the country’s macroeconomics are well anchored leading to a stable exchange rate and catalyse other development partners to open their taps for direct budget support and other financing.”

In 2013 during the rule of President Joyce Banda, who came to power in 2012 following the sudden death of President Bingu wa Mutharika, donors withhold $150 million in aid following Cashgate.

Several prominent civil servants and politicains have since been jailed over the massive corruption scandal, which continues to dent the country's monetary prudence image.

Scores of other prominent suspects are yet to be tried by the Anti-Corruption Bureau (ACB).