Malawi diaspora engagement policy commended as ‘move in right direction’

President Peter Mutharika administration has been commended for the diaspora engagement policy which will woo more Malawians living abroad to regularly remit home significant amounts of foreign exchange towards personal and national development projects, with a leading daily saying in its editorial comment that it us “a move in the right direction.”

Malawians in UK during a meeting in London: Diaspora policy is approved by Cabinet

The government’s draft Malawi Diaspora Engagement Policy that seeks to encourage Malawians in the diaspora to fully take part in national development.

Cabinet approved the Malawi Diaspora Engagement Policy last year so that once it becomes operational, Malawians in the diaspora can contribute to their country.

In an editorial comment on Thursday, The Nation newspaper said all sources of foreign exchange in Malawi , including tobacco and tourism, are not performing to the expected levels.

“This is all the more reason Malawians in the diaspora could come in handy through remittances,” reads the comment in part.

The paper urges government to “move swiftly” to operationalode the policy, whose ground work started in 2012 and  is spearheaded by the Ministry of Foreign Affairs and International Cooperation in collaboration with relevant ministries such as Finance, Economic Planning and Development and entities.

“At the stage the country is, it needs all the forex it can get to ensure sustainable development and procurement of fuel, medical drugs and all the other essential imports,” the comment further said.

The paper also reported that Reserve Bank of Malawi (RBM) has hailed the diaspora engagement policy, quoting RBM director of communication and protocol Mbane Ngwira, saying in the past, the officially recorded remittances amounted to around K1.4 billion ($2 million) per month, adding that as the policy is now showing the Malawians the many ways they can benefit by remitting funds home through official channels, the amount has jumped to more than K12.1 billion ($17 million) every month from last November.

Ministry of Finance, Economic Planning and Development spokesperson Davis Sado said the diaspora plan can be a game changer in bringing significant forex to Malawi.

The paper  quoted Sado: “The plan does bring a ray of hope in wooing more Malawians to use it by utilising official remittance channels. We are likely to get better results as the plan is rolled out to more people.”

Minister of Foreign Affairs and International Cooperation Emmanuel Fabiano pis quoted saying that the  policy acknowledges the great potential that the Malawi diaspora has in terms of skills, investment capital, and ideas in the development of Malawian economy.

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#DzukaniAmalawi
Guest

Commendable I must say. Get the 3-4 million to remit an average of US$100 per month (US$400m = US$4,8 billion pa). Introduce innovative and disruptive digital channels (Mobile Apps) to tap into the unbankable and unbanked from South Africa (in millions)

MAGUFULI
Guest

we had malawians in diaspora in
thosedays
when people like kamlepo
unandi shyley could talk sense
against evils of kamuzu

but now ??? they want to
send money to these crooks/mafiaz

shame !!

kaka ni dada
Guest

Once dollars are remitted in this country, you withdraw them and put them in cartons in your bedroom. Munthu opanda nzeru, woipa iwe, wakuba iwe, satana iwe, wagwetsa Malawi.

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