Thursday, July 18, 2024
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PAC lauds Chakwera on mega farms, describes initiative as bedrock for economic growth

Public Affairs Committee Spokesperson Gilfold Matonga has backed President Lazarus McCarthy Chakwera’s Mega Farm initiative saying the programme is the bedrock of Malawi’s dream of becoming an importing nation.

Matonga said this on Thursday during an interview with MBC Television.

He said the economic challenges that Malawi is grappling with are as a result of the country’s inability to produce enough goods for export to generate foreign exchange.

He said: “We welcome the government’s Mega Farm initiative. The problems of forex we have been experiencing in this country is because we do not produce more goods locally for exports to generate more forex. These Mega farms will not only help the country produce foreign exchange, it will also ensure the country is food sufficient.”

Matonga also commended President Chakwera’s government for qualifying for the IMF’s Exchanged Credit Facility (ECF).

He said goverment made a bold move to reach out to the Bretton Wood Institutions including the World Bank to help solve some of the economic upheavals the country has been going through.

“Government did well to engage the IMF and World Bank to help us solve some of the economic challenges we are experiencing in the country. As we are trying to be economically independent we still need support from these institutions to get us there,” he said.

The Mega Farm and ECF initiatives have won the hearts of many Malawians as they are seen as key to the country’s economic growth.

PAC is an interdenominational organization established during the early days of democracy safeguard rule of law, good governance and other tenets of democracy.

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