(CNN) -- Joyce Banda made headlines in April when she was sworn in as president of Malawi, becoming the first female head state in southern Africa and the third in the whole continent. More recently, she grabbed the spotlight again after deciding to sell her presidential jet and downsize the government's car fleet. Her move came as Malawi, one of the world's poorest countries, tries to cut spending and deal with its pressing economic challenges -- the government recently cut the value of its currency, the kwacha, by 40%, to restore donor funding by meeting conditions suggested by the IMF.
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Joyce Banda was sworn in as president of Malawi in April
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Malawi, one of world's poorest countries, has devalued its currency by 40%
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Banda explains why repairing relations with the IMF was so imperative for the country's future
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She also speaks about why the African Union Summit will no longer be held in Malawi
CNN: The @placeholder have just agreed to provide a loan of $157 million, relations have been restored with some of your biggest donors.