Malawi’s economy has not collapsed, says APM: Goodall to present State of the Economy report

President Peter Mutharika has said it is wrong to insinuate that the Malawian economy has collapsed, expressing optimism that something better could come out of the current economic challenges.

President Mutharika: Upbeat economy will revive

President Mutharika: Upbeat economy will revive

Mutharika speaking at official residence in Lilongwe

Mutharika speaking at official residence in Lilongwe

The President condemned his critics, saying it was impossible for the economy to collapse when the country was still recording economic growth even if it was slow.

“Malawi’s economy has not collapsed,” said Mutharika during a news conference at Sanjika Palace in Blantyre on the country’s participation at the Third India-Africa Forum Summit held in New Delhi, India.

“We are facing challenges, yes, but government is resolving them [the challenges] and to give an impression that the economy has collapsed is not good for the country,” the Malawi leader said.

Mutharika said he remains “optimistic” that Malawi will meet International Monetary Fund (IMF) requirements during its next economic programme review scheduled for December 2015.

“We will come on track in December. I am pleased to tell the nation that Minister of Finance is working on all theses to bring our economy back on track,” said Mutharika.

Meanwhile, the Finance Minister Goodall Gondwe is set to make a presentation on the current state of the economy.

The Minister, among other things, will highlight issues on government’s austerity measurers , budget revisions and the IMF programme.

Gondwe is giving  assurance that Malawi shall navigate safely through these turbulent times.

He will make his case on how Lilongwe will reverse economic slow down, to bring stability, to restore confidence, and to return to a path of growth.

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PROPHET M.G MBEWE
Guest

what can l say is we are the malawian en dziko lamkaka ndi uchi kodi mavuto anthuwa angatitonthoze ndi ndani? nanga kodi vuto likabwera pokhara ife anthu a Mulungu tizicita ciani? musamubuleme peter muthalika nthawi yatha nthawi lapani ambuye akubwera!

Chipwisi
Guest

It’s simple. Time will tell. In 6 months time,we will be picking this country off the floor. No forex, no medicine and no money in people’s pockets. Civil servants need to be paid. Only a fool would believe this government. The writing is on the wall. APM will not last next year. Mark my word.

kagawi
Guest

Critics of Prof. APM,
First of all you need to understand that you are Malawians. Successes and failures in Malawi are for Malawians. Therefore before you critic, bring forward a better alternatives other than just barking any how.
As for govt, work to the best of your capacity and sober spirit till we reach there to shame these devils making noise now. KKKKKKK! Chakwera walephera kutsogolera mpingo wa Assemblies of God ukanakhala iweyo leading Malawians in this turbulent moment ukanathawilanso ku Mpingo winatu kuti ndale zakukanika.

Munyasa
Guest

Pliz lecture me du we have the minister of finance and the president here?

Nankununkha sadzimva
Guest

Truly, Peter is psychopathic. Typical of a dimwit. What other socioeconomic indicators would convince you that the country’s economy has collapsed? Is it because for you everything is for free? As a leader can’t you feel for the pain of your people? Oh my God! We are in for problems.

nyanja
Guest

Ine nganganga pa mbuyo pa APM!!!!.

Zayang'ana
Guest

Kwacha is gaining power now. check with the bank. Usamangokamba gnat mmutu mwangozaza mamina iyayi.

Analisti wamkulu
Guest

What can you expect from the backdoor president?.He seems he is clueless at everything.Mbendera and Saulos Chilima brought alot of problems for imposing us this clueless oldman.All Malawians are going to die of hunger before 2019 because of his poor policies.

don
Guest

do’nt blame if u a failing 2 feed ur 1 & only child au can 1 afford 2 address vis countless problemz

chingolopiyo Genuine
Guest
How long will we Malawians continue depending on donors. Dependence donor syndrome killing us. We have stopped thinking on how we can survive on our own without the donors. Why then did we got independence if we cannot support ourselves. The president is right, the economy has not collapsed as the leader of opposition is claiming. The bible says God help those who help themselves. Its time to woke up as a country, embrace the pain and put a smile and brave face and start looking on ways that will help our country to be self sufficient all the time.… Read more »
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