Saturday, April 13, 2024

Pres. Chakwera holds tête-à-têtee with veep Chilima over ailing Malawi economy

Chakwera and Chilima

President Lazarus Chakwera of Malawi is leaving no stone unturned in his efforts to fix the country’s socio-economic problems. The Malawi leader met with his vice president, Saulos Chilima, at his Capitol Hill office on Tuesday to discuss the economy.

“There is no medicine my Administration is not prepared to Administer to Malawi’s ailing economy in order to bring about recovery in the long term, even if it means swallowing some bitter pills in the short term,” wrote the President on his official Facebook page.

The meeting between the President and his Vice President was aimed at exchanging notes on how to align the progress the President made in charting a recovery path for Malawi when he met the International Monetary Fund’s Managing Director in the United States two months ago and the progress the Vice President himself made in lobbying for support for that recovery plan when he met the International Development Finance Corporation’s CEO in the United States two weeks ago..

“Following today’s meeting, I have also invited the Vice President to join me for my regular meeting with the Minister of Finance and the Governor of the Reserve Bank tomorrow morning, where we will make further progress on designing solutions for the problems in the economy, as well as preparing for the visit by a team from the IMF coming up later this month,” further reads the post.

The President also revealed that he met with Ms. Colleen Zamba, the head of the Presidential Delivery Unit, and gave her explicit instructions to remove existing bottlenecks that are impeding or delaying the execution of investments and private sector growth.

The cost of living and essential goods prices have recently risen considerably, a condition that the regime accepts, hence the continued efforts to contain the situation.

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