Tuesday, May 21, 2024

Malawi leader attends Afreximbank Annual Summit in Accra, Ghana

Chakwera in Ghana

President Lazarus Chakwera of Malawi arrived in Accra, Ghana on Saturday to attend the 30th Afreximbank Annual Meetings and 30th Anniversary. He was warmly welcomed by Ghanaian government officials, including High Commissioner to Malawi, Khadija Iddrisu.

President Chakwera’s visit to Ghana was based on an invitation from the African Export-Import Bank (Afreximbank), which is hosting its 30th Annual Meetings. During these meetings, heads of state and government representatives from member countries will discuss the progress, challenges, and future of the bank, which was established 30 years ago.

Before departing for Ghana, President Chakwera informed the media that he intended to engage with the bank personally in order to develop a debt repayment plan. This commitment was made in response to assurances given to a team from the International Monetary Fund (IMF), which requested a sustainable restructuring plan for Malawi’s inherited debt from the previous Democratic Progressive Party (DPP) government. The majority of the country’s external debt is owed to Afreximbank and the Chinese Government.

It is worth noting that later this month, President Chakwera will also visit China, with the expenses for the trip being financed by the Chinese Government. The purpose of this visit is to discuss the debt restructuring plan, among other matters. Additionally, Chakwera will serve as the Guest of Honour at the China Africa Expo.

The 30th Afreximbank Annual Meetings 2023 will take place at the Accra International Conference Centre from June 17th to 21st. The theme for this year’s meetings is “Delivering the Vision, Building Prosperity for Africans.”

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