‘Malawi must face reality; it is dangerous to maintain a false exchange rate’—economist Thomas Ngoma
* Use the hard peg, not soft peg, to fix the kwacha exchange rate; cut down the government budget fiscal deficit; promote industrialisation to rebalance the economy * Promote export of high value items of processed products not relying on commodity trade, i.e. raw agroproducts, raw mineral exports By Duncan Mlanjira The report by the International Monetary Fund (IMF), after a delegation made an evaluation visit to Malawi from May 22 to June 3, continues to rouse hot debate…









