Germany government has said it will release 14 million euros (around K4.7 billion as part of Malawi’s health sector pool funding.
In a statement issued by Dr. Peter Woeste at German embassy in Lilongwe said the release of the funds is as a result of “bold reforms” Malawi has undertaken since President Joyce Banda ascended to the presidency on April 7 2012 after the death of president Bingu wa Mutharika” and wishes to support Malawi in tackling the economic and political challenges ahead.”
“Two elements of this support package; the health sector pool fund and social cash transfer scheme, will be signed by the German Ambassador in July before the German Parliamentary State Secretary’s visit to Malawi,” reads the statement.
“These measures will help to improve Malawi’s balance of payment position and enhance the availability of foreign exchange required for the import of essential commodities and the compliance with international obligations.”
Parliamentary State Secretary Gundrun Kopp from the Federal Ministry of Economic Cooperation and Development is scheduled to visit Malawi from August 20 to 24 this year to discuss a package of support measures from the German Government.
Kopp’s visit to Malawi was initially planned earlier, but had to be put on hold due to disagreements in the beginning of 2011 with the Malawi government.
“The visit in August will therefore also act as a signal of appreciation, and of how impressed the German government is with the outstanding progress of the government of President Joyce Banda, since coming into office,” said the statement.Follow and Subscribe Nyasa TV :