Germany pumps K2 billion into Malawi’s budget

German government has released 5.0 million Euros about 2.2 billion Kwacha towards Malawi’s budgetary support which aims to help the country   to continue to systematically pursue its economic reform agenda.

In a statement made available to Nyasa Times, the German Ambassador to Malawi, Dr. Peter Woeste says he hopes the financial assistance will help Malawi stay firm on the present road to economic recovery.

“We all witness the first positive results. But Germany is very much aware of the hardships the Malawian population has to endure and has always supported those most in need, for example social cash transfer programmes,” he said.

The statement says the new German Emergency Budget Support which has come at a crucial time follows the lines of a similar disbursement in December last year.

Woeste

Woeste: German commits K2 billion

Woeste told President Joyce Banda during the meeting of the need to strengthen accountability structures in the public financial management sector and the fight against corruption which he said are important indicators of dedication to improving the overall performance of Malawi’s economy.

“The recent appointment of the Auditor General is one such step that has demonstrated the Malawi government’s commitment to ensuring public expenditure accountability,” he said.

Germany is following with a lot of attention whether the zero corruption policy will result in cases where the authorities will not just prosecute those at the end of the chain of command.

According to the statement, Woeste underlined that he was impressed by the President’s Commitment to reform and the necessity to move from plan to action saying she was very clear in her analyses of the ongoing challenges.

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