MCP cast doubt Malawi economy to rebound May

Malawi Congress Party (MCP) spokesperson on finance Alexander Dzonzi has cast doubt over finance minister Goodall Gondwe prediction that the economy would rebound in May.

Flashback: Gondwe greets opposiiton leader Lazarous Chakwera (L) in parliament

Flashback: Gondwe greets opposiiton leader Lazarous Chakwera (L) in parliament

Dzonzi said in a radio interview that it was wrong for Gondwe to base his facts on the unpredictable rainfall.

Gondwe had earlier said he was upbeat the economy would rebound this May after Malawi qualifies for the International Monetary Fund extended credit facility and also on anticipation of good rains.

However Dzonzi, the MCP shadow minister of finance said the outlook is still hazy.

“You cannot base your assessment on rains because rains are unpredictable,” said Dzonzi.

Gondwe’s comment come on the heels of messy farm in put programme marred by high corruption rate, failure by suppliers to provide fertilizer to farmers on time, government decision to leave the vulnerable on the list of beneficiaries and failure by government to pay suppliers on time which commentators say will have a negative impact on this year’s harvest.

In addition, Oxfarm and UNICEF have predicted prolonged dry spell in some parts of the country and devastating floods in other parts.

Economics professor at Chancellor College Ben Kalua doubted if Malawi will qualify for the IMF extended credit facility because of government’s high borrowing and high inflation among other factors.

Ephraim Munthali, an economist and journalist told a radio station recently that even if Malawi qualifies for the IMF facility, not all donors would return to help Malawi.

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tchwe mwana tchwe
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tchwe mwana tchwe
8 months 14 days ago

in other developed countries, if things are not working as expected, the minister of particular dimension is questioned then reshaffled to pave way for other successiful peoe to try their best to come up with postive change. The problem is that our president is very impassive and is always expecting his ministers to tell him what to do instead of being him to address successive administrative descions.

paul
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paul
8 months 17 days ago

Wa bodza Goodall, Kapena pa May akhale bwino tipanga survive bwanji mpakana May chifukwa zinthu ayamba nku kwera daily, economic destroyers

patrick
Guest
patrick
8 months 17 days ago
APM, please show some action you have a lot of people who are not performing why are they not being fired 1. Escom CEO, blackouts 2. Chuka he performed miserably during PP regime and also during your tenor, why is still there inflation has not come down during that times rains were good. kwacha is like a boxing bag it gets hit everyday by the dollar, please get rid of him and spare malawians the misery as we are sick and tired of him. He is clueless 3. The hospital directors why are there not enogh medicines, fuel for patients.… Read more »
FBI geniune
Guest
8 months 18 days ago

Anthu abodza awa .angokula mutu koma nzeru mulibiletu.akalamba awa.akapume basi kwawo ku enukweni.

Hehehede
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Hehehede
8 months 18 days ago

Why not try Collins Magalasi

ben phiri
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ben phiri
8 months 18 days ago

Onama awa angawakhulupirire ndani ali ngati ESKOM

Juma Mike
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Juma Mike
8 months 18 days ago

Gondwa usamize anthu,iweyo ndi Bwampini ndinu anthu abodza wokha wokha

Rejoice banda
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Rejoice banda
8 months 18 days ago

I dont if that old malawi will come again,coz the government is still havng old people instead of recruiting young stars,mmmmh na this country!

Kenkkk
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Kenkkk
8 months 18 days ago

Gondwe is hoping donors will be back with budgetary support by May or Malawi will receive international credit facilities by then. He will be very stupid to predict that the economy will improve by May based solely on rains.

Matandani
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Matandani
8 months 18 days ago

Economics adaphuzila a Goodall Gondwe can not work in this era. The man is too old and can not bring in innovative economic theories to support the current Malawi economic status. The president must appoint someone with fresher economic ideas and on top of that, Donors are well aware when Cash gate started and who are the biggest beneficiaries in Malawi and can not trust their moneys on the same people. Take it or leave it, donors will always find excuses not to come back to support Malawi economically as far as this party continues to govern this country.

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