MALAWI: Financial Strengthening and Creditworthiness Support for ESCOM

Supporting ESCOM's financial governance and transparency, which is key to accessing private capital markets and enhancing the enabling environment for Independent Power Producers (IPPs). Moreover, increasing ESCOM's access to funding while adhering to its Sustainable Debt Management Plan would also allow the company to diversify away from reliance on government funding for the TAF. The credit rating, which would ideally be regularly reviewed, would serve as a progress benchmark for ESCOM's performance in operational, financial and governance areas.