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Despite being accorded the joint principal recipient of Global Funds on HIV/AIDS, TB and Malaria response in the country alongside...
This whole issue is beyond comprehension of LOMWEZ. Gondwe is cheating the Lomwe president, period
Madise?! mwateta/Mwanamiza anthu. In a swap there is no asset involved but liability (Loan) Assets are involved in Traded Options, therefore it is misleading deliberate or otherwise to question what asset we have. And how can you say without batting an eyelid that the asset is sovereign debt, we are not talking bonds here we are talking DEBT. Let me try and explain how a swap works, and let people decide if the Malawi government entered into a swap agreement or a loan. SWAP: Suppose that the Government would like to swap their Dollar debt for Malawi kwacha debt. In… Read more »
majority of Malawians who comment here are even struggling to understand the concepts of currency swap, foreign debt and let alone selling debt. i am not surprised that even the author is at pains to distinguish the concepts. nevertheless, for us who know him we are not surprised. The fact of the matter is, how can Malawians turn this into an opportunity? Appreciation of the Kwacha in these lean months have helped to lower costs of inputs at these production months hence low production costs. It is up to Malawians to invest these in productive use instead of purchasing more… Read more »
Some future government will suffer for this,mark my words,pts has nothing to do with such much kwacha s,this is a loan period.
i dont think is the way of fighting the poverty. think twice before you leap
Kkkkkkkkkkkkkkk AMALAWI KUTELEKO MUMAFUNA PANOPA KWACHA KUTI INAKAKHALA ITAFIKA 1 TO 1000 NDI US DOLLA. KAYA BOMA LAPANGA CHANI IFE TILIBE NAZO NTCHITO, BOLA ZITHU ZIKUYENDA BWINO KKKKKKKKKK ASATANA KULILA. INU MUMAWONA NGATI MULUNGU SALINAFE?? ALINAFE MULUNGU WATHU YESU. PAJATU ANAWUKA KWAKUFA ALI KUMWAMBA KWA TATE AKE, ALI KUZANJA LA MANJA LA ATATE AKE AKUTI MENYELA NKHONDO USANA NDIWUSIKU. SIKUTISO MUYEMBEKEZE KUTI ZITHU ZISOKONEKELA. OLO PANG’ONO SIZISOKONEKELA ZIPITILILA KUYENDA BWINO. IFE KWATHU NDIKULI PEPHELELA BOMA LATHU LOKONDWEDALI.
To me it is simple. Pta for whatever reasons wants kwachas and we want dollars to improve our dollar reserves. So we swap, we give them kwachas and they give us the dollar equivalent of our kwachas. The question is did we have enough kwachas to swap to the tune of $250mn? If we did, then that is a straight swap and we should believe the govt story but if we didn’t have the kwachas to swap with the $250m, then this govt is lying and we should get really worried indeed!!! So you dpp guys, give us the full… Read more »
I really need to be schooled on this currency swap.
CURRENCY SWAP WHEN YOU HAVE BORROWED BILLIONS OF $ FROM MOTA-ENGIL?????!!!!!! FOOLISH!!!!!!!!!!!!!!!
Mr Madise has a point.Initially,when I heard about this I got curious.Naturally,Currency swap should not involve actual transfering of principal ,nominal or not.In my view,When PTA gave us $250 MILLION,this became a loan(sovereign debt indeed).We need to know for a fact all the terms of this loan.There is no due diligence in this transaction and we need to know whether PTA is a swap bank or not?What exactly are we hedging against when we do this currency swap?at what rates are we dealing on this deal?Is it LIBOR or fixed rates?Legally,this is a loan and not a currency swap because… Read more »