President Professor Arthur Peter Mutharika on Tuesday hailed the African Development Bank (AfDB) for its unwavering support towards the country’s socio-ecinomic development.
AFDB has been supporting Malawi in the areas of energy, agriculture, water and sanitation, science and technology and youth development.
President Mutharika made the remarks at Sanjika Palace in Blantyre during a courtesy meeting with the African Development Bank President, Dr. Akinwumi Adesina.
“The African Development Bank remains one of the most important development partners for Malawi. The AfDB has been a friend in need since the establishment of the development cooperation between the Bank and Malawi in June 1969. The Bank’s portifolio in Malawi is valued at US$ 1 billion.
“The African Development Bank has been providing support to Malawi in various sectors, within the framework of Malawi Growth and Development Strategy II, such as health, agriculture, water, irrigation, transport, education, as well as public finance management. In all this support, the Bank has aligned itself to the priorities of the Government of Malawi,” Mutharika said.
Mutharika also explained that Malawi is currently facing food insecurity challenges due to flood disasters that hit the country last year, saying reliance on rain-fed farming would not help farmers in the country to harvest enough food, but rather irrigation would do.