Donor confidence : Germany commits MK140 bn financial support to Malawi

Malawi President Dr Lazarus McCarthy Chakwera continues attracting donor confidence for mother Malawi.

This follows various interventions which includes economic reforms and tightening fiscal descipline.

Just this week the Government of the Federal Republic of Germany agreed to provide Malawi with K140 billion for national development.

This was announced in Lilongwe when Germany and Malawi concluded intergovernmental negotiations which took place virtually on 30 November and 1 December 2023.

Germany Ambassador to Malawi Ute Konig has since reaffirmed her government’s commitment to continue supporting Malawi in various sectors of the economy and cushioning Malawians from the effects of devaluation.

“We reconfirm our support of Malawi 2063 and its objective of becoming an inclusively wealthy and self-reliant nation,” Konig said.

Minister of Finance Simplex Chithyola Banda described the financial support as timely because the country has been facing a lot of challenges.

“This financial support will among others help us in public finance management and implementation of social cash transfer programme,” said Chithyola-Banda.

The last intergovernmental negotiations between Malawi and Germany were held in 2021.

Meanwhile Governance experts are calling Malawians to support Government economic reforms agenda although they are painful in nature.