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International Monetary Fund. African Dept.

Malawi Revenue Authority continues to publish monthly revenue collections; quarterly expenditure ceilings for line ministries ensure overall spending does not exceed the resource envelope; and the purchase order module of IFMIS is progressively being extended to all procurements, strengthening government commitment controls. To enhance effectiveness of RBM monetary operations, a memorandum of understanding between the RBM and Ministry of Finance has been signed clearly outlining the Ministry of Finance’s responsibility for meeting the interest costs of T-bills used for