PAC says Malawi kwacha strength may be ‘false hopes’

Officials of Malawi’s interfaith organization, Public Affairs Committee (PAC) say they are very cautious to join what they have described as “current government’s led euphoria” on the appreciation of the Kwacha to avoid feeding people with false hopes concerning economic recovery.

This is highlighted in a communiqué issued Wednesday signed by Vice Chairperson Rev Dr Felix Chingota and Publicity Secretary Fr Peter Mulomole on their recently held Annual General Meeting (AGM) in the commercial capital Blantyre.

“Whilst the delegates of the AGM did not claim to be experts in economics, however by virtue of their closeness to the people mostly in the urban and rural areas of Malawi we feel that could not join in the current government’s led euphoria that the appreciation of the Kwacha to foreign currencies is one of the earliest signs that our economy is on the recovery path” reads the communiqué in party.

It says the point has been made in view of the fact that there aren’t yet signs of positive changes in the living standards of many Malawians.

Malawi quasi-religious organisation PAC
Fr Mulomole; PAC spokesman

“Therefore there is a need to be cautious with this excitement so that we do not feed our people with false hopes especially when the economic climate is still too fluid and fragile”.

It further says in the light of all this, “we would like to encourage Malawian families to desist from selling all their agricultural and food products simply to generate money for their daily amenities. We encourage  most Malawian households to ensure that they keep adequate food.”

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