Treasury fails to account for Covid-19 funds

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By Earlene Chimoyo

The ministry of Finance is failing to account for funds that the government has received towards the fight against the coronavirus.

The government has been appealing for funds both local and international organitaions to be used in containing the spread of the virus.

Since Malawi recorded its first cases of the virus, countries like the United States, Ireland, together with organisations such as the World Bank as well as local corporate entities have given Capitol Hill some financial support.

It was earlier disclosed that the country requires 157 billion kwacha for its response.

The World Bank provided $37 million, the US government pumped in $4.5 million, while 500,000 Euros came from Ireland and K6 billion was sourced from the reserve bank, just to mention but a few.

When asked as to how much has been received thus far, Spokesperson for the Ministry Williams Banda however disclosed that the funds are being channeled to separate accounts.

He added that the Covid-19 account is managed by DoDMA and the Ministry of Health and suggested that Capital FM contacts the said departments for clarity on the matter.

 

 

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