Sunday, July 7, 2024
HomeBusiness"It was IMF' ECF bragging show, nothing for the majority poor!- CDEDI...

“It was IMF’ ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address

By IOMMIE CHIWALO

BLANTYRE-(MaraviPost)-While from the myopic look of things President Lazarus Chakwera’s last night national address carried some sense, commentators feel it was one of the useless and untimely “bragging shows” that ought not to be tolerated in the twenty-first century.

People are confusing the current approved US$174 Extended Credit Facility (ECF) by the International Monetary Fund (IMF) with the 2006 scenario whereby Malawi had her debts canceled.

Commenting on last night’s address which was delayed for an hour after Chakwera heard of the ECF approval and returned his prepared speech to include the news from the Britton Woods Foundation, Centre for Democracy and Economic Development Initiatives (CDEDI) says it was a bragging show whereby Chakwera stoop so low to brag about the IMF’s Extended Credit Facility (ECF).

CDEDI Executive Director Sylvester Namiwa has since called on Malawians not to celebrate and instead get worried more especially because no country in the world ever developed using aid.

“Sad that in this day and age, our leader would like us to join him in celebrating loans and aid. He is not aware that Simply put what we call aid is someone’s hard-earned money in the form of tax. A serious leader would not maintain the larger-than-life cabinet while shamelessly going around with a begging bowl to donors to feed his people,” says Namiwa.

The CDEDI Executive Director says what Chakwera has done is technically to validate the assertion that he prescribes bitter pills to everyone save for himself and his cronies.

“From his address, it is clear that he would like to maintain the bloated cabinet, crowd of advisors, and his huge salary. He said nothing on what will benefit Malawians from the previous 25 percent devaluation and he heartlessly justified the evil 44 percent meltdown without thinking of the majority poor that have been pushed into poverty overnight,” he said.

CDEDI maintains its stand that Chakwera is a threat to the survival of the very people whom he was supposed to protect in the first place.

“Sadly, his address was the usual rhetoric coupled with blame game typical of a failure,” noted Namiwa.

In a related development, Human Rights Defenders Coalition (HRDC) has said what Chakwera said in his speech inspires hope but asked him to move away from empty rhetorics and implement what he said by walking the talk.

Giving the impression that he is siding with the locals, President Chakwera assured the nation that no one, including himself, will be spared from the pain that Malawians are going through.

He has since announced a suspension of all his international trips up to March next year, citing the next COP 28 in Dubai as an example.

Apart from slashing fuel provisions by half, Chakwera has also suspended all international travels for all cabinet ministers, and senior government officials, as those in statutory corporations.

Maravi Post Author
Maravi Post Author
Today's Opinion · Op-Ed Columnists · Editorials · Op-Ed Contributors to the Maravi Post· The Maravi Post accepts opinion essays on any topic. Published pieces typically run from 400 to 1,200 words, but drafts of any length within the bounds of reason will be considered.
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments

Sylvester Movette zunda on Mali wedding attack kills 21
James Hastings Chidule on Malawi’ fistula recovery at 86%
WELLINGTON WITMAN MOSELIJAH LUNDUKA on The history of Ngoni Maseko in Malawi
Lisa Frank on Home
azw3 on Home
Define Regtech on Home
Tobias Kunkumbira on Malawi to roll out Typhoid vaccine
arena plus nba standings 2022 to 2023 ph on Home
David on Home
마산출장 on Home
Cristina Thomas on Home
Alicia Alvarado on Home
The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?
Muhindo Isevahani on The Cold War Against TB Joshua
JCON/SCOAN/BKN(888/8885/8808) on The Cold War Against TB Joshua
Keen Observer on Jesse Kabwila, Then and Now
Francesco Sinibaldi on Advertising in 2020 and beyond
VICTORIA NAMENE FILLIPUS on Is TB Joshua not another religious fraudster?
Andrew Jisaba on TB Joshua Finally Exposed?
Roseline Ariaga on TB Joshua Finally Exposed?
Edmore Tembo on TB Joshua Finally Exposed?
Arvind Mohan Dass. T on TB Joshua Finally Exposed?
Francis zvomuya on TB Joshua Finally Exposed?
Julius Bolokwe on TB Joshua Finally Exposed?
Esther lotha on TB Joshua Finally Exposed?
Okechukwu Cletus Igwe on TB Joshua Finally Exposed?
Justin sahando on TB Joshua Finally Exposed?
Samson orubor john on TB Joshua Finally Exposed?
Lizzie Tendayi on TB Joshua Finally Exposed?
AKAMAH ANDREWS on TB Joshua Finally Exposed?
AKAMAH ANDREWS on TB Joshua Finally Exposed?
AKAMAH ANDREWS on TB Joshua Finally Exposed?
Judith Wingo on TB Joshua Finally Exposed?
Hlohonolofatso on TB Joshua Finally Exposed?
Jantie Lupaji Lupaji on TB Joshua Finally Exposed?
Phillimon Kgasago on TB Joshua Finally Exposed?
Ferdinand Parangan on TB Joshua Finally Exposed?
Natasha Oloishiro on TB Joshua Finally Exposed?
Anthony Orimolade on TB Joshua Finally Exposed?
Anthony Orimolade on TB Joshua Finally Exposed?
Kelly Chisulo on TB Joshua Finally Exposed?
Orville Raposo on TB Joshua Finally Exposed?
Elizabeth Van Niekerk on Black Rhino Moved from SA to Eswatini!
Mitundu Market Resource Centre on The Genius of APM in Selecting Everton Chimulirenji
London college of Economics and political Science graduate on Electoral voters analysis favours MCP; Road to May 21 polls
http://bett09.com/ on Chilima haunted by biological roots
harga paket wisata bromo 4 hari 3 malam on 25 life insights for better living with others
Patrick Phiri on Making a strong case for MCP
Arnold P. Wendroff, PhD, MScEd on Blood thieves: vampire mania reigns unabated in Malawi
Arnold P. Wendroff, PhD, MScEd on Blood thieves: vampire mania reigns unabated in Malawi
jo kambewa, braamfischar on Malawian Engineer Commits Suicide in Lumbadzi
Rusan Banda on Malawi needs dictatorship
Kenneth Chitatata Msonda (in my personal capacity NOT as PP publist) on Wise One: Malawi Savings Bank sale, a heist gone bad – Mpinganjira should stop sulking