By Chimwemwe Mtika

Renowned economic expert Professor Betchani Tchereni says the decision by the International Monetary Fund (IMF) to put on hold Extended Credit Facility (ECF) talks with Malawi will lead to a prolonged economic crisis in the country.

This follows an announcement by IFM through its Fund’s chair Krestlina Georgieva that it is difficult to help the country in its current state due to high debts.

Tchereni told YFM that to contain the situation; government needs to concentrate on sectors that will help the country increase number of exports in order to increase foreign exchange.

He further has asked Malawians to refrain from buying unnecessary commodities from outside the country and learn to produce products that will help in attaining foreign exchange.