Published: October 1, 2006, 12:00 am
Lead Author: Suzanne Marmion
Malawi is one of the poorest countries in the world, with more than half of its population living on less than $1 a day. But the people of Malawi may have reason to celebrate. The International Monetary Fund and the World Bank have announced that 90 percent of the country's debt will be forgiven.
In spite of that good news, it will still be some time before Malawian families, like the Phiris, can relax their strict budgets.
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Malawi is one of the poorest countries in the world, with more than half of its population living on less than $1 a day. But the people of Malawi may have reason to celebrate. The International Monetary Fund and the World Bank have announced that 90 percent of the country's debt will be forgiven.
In spite of that good news, it will still be some time before Malawian families, like the Phiris, can relax their strict budgets.
Listen to NPR Story
Are you absolutely sure you want to delete this article? This process cannot be undone and is permanent.
Yes, Delete This Article
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