The World Bank Board of Directors today approved an International Development Association (IDA) grant of US$15million for the Business Environment Strengthening Technical Assistance Project (BESTAP) which is designed to support capacity development and investment climate reforms to accelerate economic growth in Malawi.
The project will support the Government’s strategy of a private sector-led economic growth. "The foundations for economic growth have been laid in Malawi with improvements in the macro-economic situation, and this opportunity needs to be seized. The project aims to support the development of the private sector in Malawi as an engine for sustained economic growth," says Malawi’s Country Manager, Timothy Gilbo.
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