World Bank tells Malawi to end political impasse

A senior World Bank official says the current political impasse in the country has negative effect on the economy.

President Mutharika audiences with World Bank Representative for Malawi

Bella Bird, World Bank country director for Malawi, Tanzania, Burundi and Somalia told journalists on Wednesday after meeting President Peter Mutharika that politics affects the economy.

“It is obvious that the current political situation is having a negative impact on the economy,” said Bird.

She said among others, investors would not be willing to invest in a volatile political situation because that would be risky for their money.

Meeting the country director at Sanjika Palace in Blantyre, Mutharika blamed the opposition and civil rights activists the Human Rights Defenders Coalition (HRDC) for the current political stand-off.

“The demonstrations are slowing the country’s economy. This is two steps forward and three steps backward. All in all I believe in rule of law and peace because my interest is to transform Malawi’s economy,” the President pointed out.

He, however,  told the World Bank official that his government would not retaliate, saying it would instead concentrate on developing the country as well as growing the economy.

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Fake Paramount
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Fake Paramount

Often it is organizations like WB and UN that galvanize corrupt governments in power by recognizing them. How can she ask a Tippex President to end political violence when she knows or should have known that he is the cause of all this. APM frequently refers to such bodies as the ones that approved his presidency. When did WB start supporting Mw and what is the impact. We are still among the least developed countries. Cant WB and others see that there is something seriously wrong with this government.

Mtete
Guest
Mtete

So the World Bank would rather see a corrupt president and his party continue to mismanage the country’s economy? The World Bank should assist in ensuring there is change in the way scarce financial resources are managed and it is clear the DPP government, led by APM has miserably failed in this area.

As the saying goes, the World Bank has been “pouring water into a DPP leaking bucket”. Not good for the country, is it?

Kaitano
Guest
Kaitano

The World Bank should not be the mediator of our politics after all the one they are meeting is a Tipex President, you can’t tell us how to solve our problems while you know that this is a deliberate move your the one you call president, tell him to fire Jane Ansah

Abambo
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Abambo

Mpaka 2024 woooo mufune musafune.

Jochi
Guest
Jochi

Ovutika ndi amphawi akumudzi olemela akugonela ma dollars pansi pa bed 2024 wooooh