Email a copy of 'World Bank bashes Malawi govt subsidies, excessive borrowing' to a friend
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Email a copy of 'World Bank bashes Malawi govt subsidies, excessive borrowing' to a friend
China has announced it is to write off all interest free loans and soft loans to Malawi and other African...
Hire Mbendela kkkkkkkkk the Arsehole who put us in this mess! Stupid Dpp
Peter Mutharika should hire the Right People for Critical Economic Positions not stupid Yes Bwana Lhomwes
Malawi government officials should constantly be reading Proverbs chapter 22 verse 7
The problem is see here is misplaced opposition from the rich trying to surpress the poor in trying to serve the economy. They receive millions as their salary and they want to take that belongs to the poor for their figures improvement. Surrender your riches to the poor and lift them up to the level where they can buy using free market prices. Let’s not advocate issues because we are on the better side and we can afford. What you should know the little subsidy we get it assists us a lot. You have plenty with your books, how many… Read more »
The Malawi Kwacha is currently trading at MK902 to £1 GB. This means that MK1 is worth nothing! At the time of the change over in 1971 the kwacha was worth 50pence or MK2 to £1. So much for independence. Kamuzu, Muluzi, Bingu and now APM have ruined the economy of Malawi.
With dpp as agovernment malawians must expect more and very dengerous problems ahead.Dpp is aparty with bad record since the dawn of democracy udf messed but dpp doubled it stealing 577billions this is too much.
The problem the government just borrows money and diverts it into very few people’s pockets and not for the intended purposes. They don’t even bother to pay back ndiye ma arrears ali thoooo! When they borrow next, they use the money for the repayment of previous loans not on the projects for which they lied to be borrowing. This way, can the country develop? Kumangodziwa kungongola koma kubweza ayi. Ana a Malawi akufa ndi njala, mitengo ya zinthu itakwera. Bolanso mu nthawi ya Kamuzu he was making sure prices of commodities were the same countrywide. Pano aliyense akugulitsa zinthu pa… Read more »
Those who comment try to understand roll of World Bank.
It’s not a donor. It’s an organization composing all countries, Malawi included
One of the World Bank is to offer advice to member countries. Is up to Malawi to take the advice.
But simple economics tells us that its not prudent for any reasonable governments to keep on borrowing. You should not be spending what we don’t have
Zinali zachidziwikire izi. Munthalika satha chilichonse, koma munamusankha nokha. Ndiye ndizimenezotu.
Tell them bro George