EU, World Bank to resume Malawi budgetary support, says Goodall

Minister of Finance, Economic Planning and Development Goodall Gondwe has said  European Union is resuming its budgetary support by the end of the year whilst the World Bank will do the same next year.

Finance Minister Goodall Gondwe: Donors coming back
Finance Minister Goodall Gondwe: Donors coming back

Gondwe said the European Union has already committed US30 million for the budgetary support whilst the World Bank has committed US80 million for the budgetary support.

Economists say this will improve the ever dwindling economy of the country.

EU and World Bank officials were not available for comment but Malawi is on track with the IMF extended credit facility which has gave confidence to donors on how the government is using its finances.

Gondwe said this on Friday in Lilongwe when EU was signing a K40 billion agreement with the government on a justice project.

The project will see 100000 poor ordinary Malawians accessing lawyers to be paid for by the project, ordinary people not walking long distances to seek justice in courts of law and decongestion in prisons.

Courts, police, prisons and Malawi Human Rights Commission will directly benefit from the project.

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Winston Msowoya
Winston Msowoya
4 years ago

For a number of years now,Malawi has been in last 10 poorest countries in the world.Shame!!! This is not accidental,but a sustained economic sabotage by Muthalika and his hungry gangs of wolves.Certainly,Malawi has impressive natural resources to turn the nation into a bread- basket of the region,but ineptitude,uncontrolled corruption,lack of transparency,nepotism and political instability are viciously hindering national economic growth despite the fact that we have one of the best Finance Ministers in the continent.The President we have or we have been having,are in the first place,deadly corrupt and above the law,they have no notion atall about economic planning.For instance,Muthalika… Read more »

Opals
Opals
4 years ago

Good on you Goodall but we ain’t clapping yet. Stay the course: Fix PFM; double down the fight on corruption and rump up fiscal discipline.

Dick.di
4 years ago

Gud new 4 MW.

Okay
Okay
4 years ago

Onse otibulana ku MCP kuti ziiiiiiiiiiiiiiiiii

masa masina
masa masina
4 years ago

Here is more money for cashgate.

The Patriot
The Patriot
4 years ago

Good news but we hope our leaders have learnt a big lesson…..avoid cashgate and be accountable! Tisamve kuti wina akufuna kugula ndege!!!

Dr Haswel P. Bandawe
Dr Haswel P. Bandawe
4 years ago

At long last, this is good news. Access to legal redress is an indispensable component of a democratic system and rule of law. It it also encouraging that the financial performance benchmarks are on track to a point that some loans will begin to trickle into the Government coffers. However, there remain shocking and embarrassing instances of financial mismanagement some of which apparently, have called for refunds by the donors. The refunds will mean a drain of the meager resources from other essential allocations. It is hoped that the culprits will be dealt with the full force of the law.… Read more »

Satehouse
Satehouse
4 years ago

This is not a government to trust with donor money. Any donor giving money to Malawi govt is doing so at owners risk because the money will certainly be stolen by govt officials.

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