Author: Duncan Mlanjira

* The Malawi economy is dead and nowhere does this death manifests itself more prominently than in forex shortage area with long fuel queues * Government-guaranteed revolving Letter of Credit (L/C) facility is used to finance strategic imports such fuel, fertilizer, medicines without draining national forex reserves * L/Cs are used only for short term but not long term and it is very costly option — but for now it will resuscitate the economy but long term solution is…

Read More

* The system can reduce inflation to 2%, lower interest rates, and provide ample foreign exchange to purchase essential items like fuel, food, medicine, machinery, and spare parts, supporting industrialisation efforts * Unlike the IMF’s ECF conditionality-based approach, a currency board can embed rule-based discipline into Malawi’s institutional framework * Making fiscal prudence and reserve adequacy non-negotiable and self-enforcing as part of daily operations By Duncan Mlanjira Economic analyst, Thomas Ngoma — a UK-based Malawian executive management consultant —…

Read More

* We look forward to a strong private and public partnership in the next critical three months of the government’s transition process  * The stage should be prepared for a re-set of a new economic trajectory where Malawi’s resolve to return to stability through fiscal discipline and governance * Dialogue with bilateral and multilateral donors and creditors and improved trade relations, is unambiguous By Duncan Mlanjira Standard Bank Plc says it looks forward to partnering government and other key…

Read More