Britain says moving away from Malawi economy with aid, to emphasise on trade

Owen Khamula – Nyasa Times

Malawi’s biggest traditional donor, Britain, has reiterated it is slowly pulling out its aid package from the poor nation and will instead emphasize on trade.

Britain High Commissioner Nevin: More to trade than aid

Britain High Commissioner Nevin: More to trade than aid

Michael Nevin, the blunt speaking  outgoing British High Commissioner to Malawi said this after President Peter Mutharika’s  state of the nation address described by the opposition as empty and flat but describing by the donors in diplomatic tonne as inspiring hope.

“Britain is moving away from being much dominant on Malawi economy. The emphasis is on increasing self reliance. We are moving away from being too dominant on the economy, on Malawi life and social life,” he said.

Malawi is on track with the International Monetary Fund (IMF) extended credit facility which, a programme that was supposed to lure back traditional donors for budgetary support, its absence blamed for the collapsing economy.

However, many donors have showed reluctance to come back for the budgetary support and President Peter Mutharika has on several occasions declared that Malawi will now do without donors as they have pulled in most developing countries.

Nevin,however ,said the president spelt out good programmes which when adhered to would turn around the economy.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

Sort by:   newest | oldest | most voted
International Observer
Guest
International Observer
4 months 5 days ago

Can this be posted to the two leaders of opposition possibly they will believe it since it comes from a nzungu and knowing well that one of them was nurtured under the tutelage “Azungu andiuza” he is bound to nod in agreement of the British High Commissioner’s assertions.

wpDiscuz