Goodall elected chair of African Foundation: Malawi Finance Minister

Malawi’s revered economist and Minister of Finance, Goodall Gondwe has been elected Chair of the Board of Governors (BOG) of the African Capacity Building Foundation (ACBF) during the meeting of the Foundation’s BOG held in Addis Ababa, Ethiopia, on 3 September.

Goodall Gondwe with Malawi vice president Saulos Chilima

Goodall Gondwe with Malawi vice president Saulos Chilima

Finance Minister Goodall Gondwenow chair of Africa

Finance Minister Goodall Gondwenow chair of African Capacity Building Foundation

Participants to the meeting also elected Chad and Sierra Leone as Vice Chairs of the Board.

Gondwe takes over from Christian Magnagna, Gabon’s Minister of Budget and Public Accounts.

The Malawian economist has served in the cabinet of Malawi as Minister of Finance since 2014. Previously he was Minister of Finance from 2004 to 2009, Minister of Local Government from 2009 to 2010 and Minister of Natural Resources, Energy and Environment Affairs from 2011 to 2012.

He was a director of the Africa Division of the International Monetary Fund before returning to Malawi to work as a politician.

In the period leading up to his election as Member of Parliament, he served as the Chief Economic Advisor to President Bakili Muluzi.

Gondwe was appointed to the position of Minister of Finance in June 2004 by President Bingu wa Mutharika. He has been credited for Malawi’s success during Mutharika’s first term. His economic development policies, together with Mutharika, helped drastically improve the economic situation in the country.

Under his stewardship, the rate of inflation fell from 30% in 2005 to 6% by 2008. More importantly Malawi saw its economy grow by approximately 6 percent.

In 2008, Gondwe was voted as Africa’s Finance Minister of the Year at the African Banker Awards, held at the Willard Intercontinental Hotel in Washington DC, USA.

The Board of Governors comprises representatives of ACBF member countries and non-African countries, as well as the World Bank, the African Development Bank and the United Nations Development Programme.

The Governors are usually African Ministers of Finance and/or Economic Planning, Directors-General or other high level representatives of international development cooperation agencies for non-African countries.

The Board of Governors is the highest policymaking body of the Foundation. Its main responsibility is to set the broad policies for the operation of the Foundation, as well as the appointment of the independent members and chairperson of the Executive Board.

Ordinarily, the Board of Governors meets annually. The Board of Governors has a Bureau of three members, (Chairperson and two vice-Chairpersons) who are elected annually.

Follow and Subscribe Nyasa TV :

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

More From the World

Sort by:   newest | oldest | most voted
Boy
Guest

You can clearly see the comments how some people are stupid and never appreciate what fellow countrymen are achieving. These are the bustards who will always criticize on anything as long as its somebody who has been credited for an achievement. His age has nothing to do with achievement, nanga iwe wachita achieve chani? Show us you fools!! The appointment to me is just in order and I congratulate GG and Malawi for this. Mumafuna asankhe wakunja kwa Malawi kapena ku azungu and then you will say achita bwino? You are completely fools!!!

Kachepa
Guest

Malawiano,the Number 2,you blasted me with laughter!!You mean whenever I become a Malawian politician,then I know I got to answer in Malawian Courts,I should be ready walking with a stick or choose to be on a wheel chair??What about they bring me to the court on a wheeled hospital bed??Malawian poluticians and not politicians!!Watch out next!!Have you read of the other President who resigned and then convicted and sent to jail due to corruption in government?Some one tell please who that President is!!!!

Lovemaniac 91
Guest

This cow z 2 old! When r u gonna slaughter it? Coz z going crazy, u cant c it!

Robert Zingani
Guest

This shows that President Mutharika appoint people on merit bases.Abwana Mutharika timakunyadira!! Continue mr mutharika.

MCP?????
Guest

Just look at the MK! indeed Minister of the year!

Kanthu Ako!!
Guest

The kwacha is weak, what are you selling? You are supposed to take advantage.

The Rwandan currency is weaker than Kwacha but they do not complain because it makes it easier to sell their products.

You Malawians are even buying electric poles from Zimbabwe. You cant even supply electric poles, and you blame a minister of finance?

Shameless people.

Yatuta Gausi
Guest

Koma a Malawi kusekelela zopepela when with politicians. Look at those photos. Mano ngweee kusekelela gogo wotha ma plan

Truck
Guest

CONGRATULATION DADA GONDWE MWEULI MULI MAKORA KIKI!

Winford Saka
Guest

Congraturations U Indeed Deserve It

Malawiyano
Guest

We used seeing you with a walking stick where is this time ? Malawian crooks they like creating sicknesses once they are facing court cases , why ?

Baba wa boy
Guest

Are you blind or stupid?

You can clearly see he still has a stick.

Kusowa zonena.

wpDiscuz

More From Nyasatimes