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ALFRED GANGATA: Why APM Letter Of Credit Plan Is Smart Economics — Not Wishful Thinking

There has been much noise lately about President Arthur Peter Mutharika’s proposal to use a US$500 million Letter of Credit (LC) to address Malawi’s fuel shortage. Some have gone as far as asking, “Where will the forex come from if our reserves are empty?” It’s a fair question — but it also reveals a deep […] The post ALFRED GANGATA: Why APM Letter Of Credit Plan Is Smart Economics — Not Wishful Thinking appeared first on Malawi Nyasa Times - News from Malawi about Malawi.


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