As per the International Financial Corporation (IFC), a ‘funding gap’ of $ 2.1 to 2.6 trillion exists for all formal and informal MSMEs in emerging markets alone, which is equivalent to 30 to 36 per cent of current outstanding MSME credit.
Allow me to begin by extending a very warm welcome to you all on behalf of the Government and the people of Malawi, and also on my own behalf. I wish to extend a warm welcome to the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) staff and resource persons.