29/07/2026
Government of Malawi Under His Excellency Professor Arthur Peter Mutharika Secures US$130 Million in Grants ( about K229 billion)
On Wednesday, 29 July 2026, Parliament approved two Bills presented by the Minister of Finance, Economic Planning and Decentralization, Hon. Joseph Mathyola Mwanamvekha, MP, securing US$130 million (about MK229 billion) in grants from the International Development Association (IDA)
The first grant, US$50 million (MK87 billion), will finance the Transforming High-Potential Resilient Value Chains (THRiVE) Project, which seeks to boost exports by supporting productive exporters and small and medium enterprises (SMEs). The project will improve access to finance, streamline export licensing through Control of Goods Act of 2018, strengthen trade policies, provide matching grants to SMEs, and help generate more jobs and foreign exchange earnings.
The second grant, worth US$80 million (MK142 billion), will fund the Governance to Enable Service Delivery (GESD 2.0) Project. The initiative will strengthen fiscal decentralization, improve local governance and accountability, provide performance-based grants to local councils, and enhance financial management and service delivery, helping councils implement development projects that directly benefit communities across the country.