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Public Pressure Forces Malawi's President to Suspend Bank Sale

Public outcry and parliament have forced Malawian President Peter Mutharika to suspend the sale of a state-owned bank which has been weighed down by bad loans. The attempted sale of the Malawi Savings Bank (MSB) was in response to advice from the World Bank and the International Monetary Fund after banking experts said the MSB failed to meet minimum liquidity requirements. The institutions also said they observed that politically-connected persons got huge loans from the MSB but were...

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