Chakwera says World Bank’s K60bn is concessional loan to Malawi not free money

Leader of Opposition in Parliament Lazarus Chakwera has said Malawi government should not give “a wrong impression” that the World Bank’s$80 million  (about K60 billion) general budget support to the county is aid but it is a loan.

Chakwera: World Bank support an act of mercy

The Malawi Congress Party (MCP) president who described the resumption of budget support by the World Bank as an act of mercy, told parliament that when government benches  stood in standing ovation to support the budget support, the opposition “felt vindicated that the donor era is not over. “

Chakwera, however,  said the Democratic Progressive Party (DPP)-led government should not give a wrong impression to the general public that this US$80 million is free money “when the truth is that it is a loan. “

He said: “So, while DPP-led government wishes to call it a budgetary support, we should rather call it a concessional loan.”

Chakwera said what the World Bank has done is an act of a mercy and government cannot afford to abuse public funds this time.

The MCP leader also pointed out that there is a misleading statement in the President Peter Mutharika’s State of the Nation Address claiming that when he took over government, the quality of life for Malawians was at its lowest, saying in actual fact all the statistics are showing that the quality of people’s lives is lower today than ever before.

“Poverty head count remains about 50 per cent and the over poor population is getting larger. Unemployment levels are worsening with teachers staying for over two years after graduating before being absorbed into the system.

“Those graduating from the universities stay over three years on average without being employed. The minimum wage is below US$1 per day. Salary increments are way below inflation,” said Chakwera.

Chakwera said poverty us still a vicious circle today.

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17 thoughts on “Chakwera says World Bank’s K60bn is concessional loan to Malawi not free money”

  1. Pension Nenereko says:

    Blinded DPP gurus cannot understand what Chakwera is saying. SAME!!!!!!!!!!

  2. Joe says:

    Bullhead for those who dont appreciate opposition. Chakwera you are doing good. Leave these ignorant educated ppl. Typing here as if you are wise. Be smart loan is always good potenga. Tizalila pobweza. Muthalika be smart

  3. baba kunta says:

    Mr chakwela your very pathetic. Leave the party to the competent people. You need alot of time to learn.

  4. Bilimankhwe says:

    Chakwera Chakwera you think this is church offerings
    You are completely confused you will never rule this country .yoy think we are fools like you. Mcp guys you are not giving this fallen pastor good advice. He is still making blunders.
    Over my dead nose Chakwera will never rule this country.

  5. Anonymous says:

    I really don’t understand how pastor Chalmers think for instance let’s say someone come at your house to ask for a loan it’s obvious he will say can you or may you help me please some money I will pay you back when I get it so a loan it’s also a help , help it’s also a loan get it pastor Chakwera

  6. jah man says:

    Yes they have to be clear there becouse ngongoleyo obweza

  7. Achimidzimidzi says:

    If the money will be released, then I will conclude that World Bank is not disciplined and stupid.
    Why should World Bank burden Malawians with a personal loan. Who approved this loan? and for what?

    This government has never been thoughtful nor accountable when handling our resources. As of now we still have a number of unresolved cases of corruption. eg The K577b, ESCOM, MERA, and other untouchable politicians..

  8. GERALD WATSANO WHITE says:

    hahahahhahahahha a man of fault a man of jealous a man of evil mind@ my HEAVEN Father can you allow this Man in 2019 to rule this country so that His liars be prevail @ we have tired with his lia i know we all your sons and daughters but this kind of evil is tiresome @ i also know MUNTHALIKA has its fault but give Him Wisdom to realize His faults so that MALAWI WILL SING A SONG OF GLORY

    1. Imbwa says:

      Your Mutharika is the worst thing that ever happened to this nation, I bet. JB left this nation in a much better statet than now

  9. Rift Valley says:

    I bet DPP Gurus are salivating at the thought of billions from the World Bank, waiting impatiently how they will manipulate the Directorate of Public Procurement, the ACB, NAO etc. Well, I am sorry to disappoint you. The loan is coming with stringent controls.

  10. KARONGA says:

    Mr be humane, stop commenting on something you do not understand because we are not interested in your ignorance. What is not clear that the money is not a gift but a loan? DPP govt is changing the language as if World Bank has just given Malawi that money, so what are you saying? DPP operative.

  11. be humane says:

    Mr. Chakwera I think does not know what he says. The same person has been telling people that World Bank stopped assissting Malawi because of bad governance and he knew that World Bank assistance comes as Loan. Today that World Bank has come back and he still says it is not a good sign. What do you want Malawians to trust you on? so confused Chakwera

    1. MNDAMBALA BOY says:

      Sorry you missed!

  12. Ngalamayi says:

    It’s a pity the government doesn’t use its cunning to better Malawians: calling it a donation implies the government is once more trusted by donors who have their confidence in giving money again. Chakwera is right to point out it is a concessionairy loan: the international audience and Malawians would be foolish if they believed corruption is a thing of the past. Let’s see how much of this loan goes missing, unaccounted for.

  13. WALIKO MAKHALA says:

    Mbuzi ya President

  14. Chilungamo Chimawawa says:

    APM is indeed a total liar. What quality of life of Malawians does he claim to have changed. By the way life extremely tough now for poor Malawians than before. I believe he only managed to improve life of his fellow politicians like Chaponda ONLY. Don’t brainwash Malawians pliz

  15. sulumba says:

    Chakwera has a point

Comments are closed.