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Malawi’s vice president outlines economy recovery vision

Kachali-AtupeleLILONGWE--Malawi government has identified five strategic sectors that can quickly turn around the economy for export led growth and foreign exchange generation, Vice Pres Khumbo Kachali has said.

Kachali spoke Friday during the launch of the economic recovery plan and the Malawi Growth and Development Strategy II (MGDS II) in Lilongwe Friday. These strategic sectors are energy, mining, tourism, agriculture, transport infrastructure development and Information Communication Technology (ICT).

He said these sectors will provide Malawi with a comparative advantage edge required for it to compete favorably in regional and international markets. “Let me point out that the Malawi Economic Recovery Plan will be implemented in the context of the Malawi Growth and Development Strategy II.

“Implementation of the two strategies will therefore mainly be through the budget. In this regard, budgetary allocations will be aligned to the economic growth sectors but without losing focus of the social needs of the country,” said Kachali. The vice president said the implementation of this development agenda will involve all stakeholders, including the Executive, Legislature, Judiciary, civil society organizations, private sector and the general public, claiming “each of the stakeholders has a role to play in the plan.”

He expressed determination that Malawi will be turned into a wealthy nation, as has been the case with the other best practice countries. “In this context, our duty is to turn around the challenges that the country is facing now into opportunities. Our future holds infinite possibilities of development ideas and initiatives that as a nation can be harnessed and turned into wealth for us and the future generation,” he said.

He urged Malawians to work together and move forward, and never look back, observing that “this is a noble war we must fight together.” On social services, Kachali said the government will continue to work towards a balanced budget without losing the balance of its choices.

 

“Government is committed to social obligations aimed at ensuring that our education system provides the requisite teaching and learning materials, the health system has adequate supply of essential drugs and we have increased investment in infrastructure such as roads to spur private sector development. The Fight against corruption will continue and Government is committed to addressing this scourge which is eroding the country’s economic gains. Government is losing billions of Kwacha through fraud and corruption in various sectors,” he added.

Kachali said the government will not tire until they see the wheels of the strategy are in full motion, describing the national budget as the key implementation tool.
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