He was welcomed by the Deputy Minister of Foreign Affairs, Patricia Nangozo-Kainga and Malawi’s High Commissioner to the United Kingdom, Thomas Bisika.—Pictures courtesy of Malawi Government
* To deliver a national statement outlining Malawi’s policy positions on financing for development, challenges, and commitments
* Towards advancing sustainable development financing, debt sustainability, and equitable economic reforms in line with the FfD4 objectives
* As President p Chakwera returns from the 32nd African Export-Import (Afrexim) Bank annual meetings in Nigeria
Maravi Express
Vice-President Michael Usi has arrived in Seville, Spain where he is leading the Malawi delegation at the 4th International Conference on Financing for Development (FfD4), to be held from today June 30-July 3.
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A report by Malawi Government official Facebook page says Usi is expected to deliver a national statement outlining Malawi’s policy positions on financing for development, challenges, and commitments towards advancing sustainable development financing, debt sustainability, and equitable economic reforms in line with the FfD4 objectives.
He will also hold a bilateral meeting with the Minister of Foreign Affairs of Iceland, Þorgerður Katrín Gunnarsdóttir to discuss extending the country’s support to Malawi and areas of further cooperation.
Later, the Vice-President will attend a side event at the invitation of the Gates Foundation and DEVEX on the future of development cooperation.
According to a statement by the Ministry of Foreign Affairs, this year’s conference will be convened under the theme; ‘Financing Our Future’, expected to address newly emerging issues and the urgent need to fully implement the Sustainable Development Goals (SDGs).
It is also to support reforms of the international financial architecture, and further assess progress made in the implementation of the Monterrey Consensus, the Doha Declaration, and the Addis Ababa Action Agenda.
Meanwhile, President Lazarus Chakwera left Abuja, Nigeria, after participating in the 32nd African Export-Import (Afrexim) Bank annual meetings, where he engaged African and Caribbean leaders, global financiers and development partners in efforts to advance Malawi’s investment drive.
The Government Facebook page reports that the President held a series of engagements that focused on unlocking trade, industrialisation and intra-African cooperation.
“This summit has provided a timely platform to promote Malawi’s development priorities and attract partners who are ready to invest in sectors that drive economic transformation,” he is quoted as saying.
The report furthers says while in Abuja, the President held bilateral talks with AfreximBank president & Board chairperson, Benedict Oramah and other African leaders “to explore collaborative financing models that can support Malawi’s infrastructure development, agro-industrialisation and access to trade finance”.
“Afreximbank, which has been operational for over 30 years, plays a pivotal role in reshaping Africa’s trade landscape through innovative financial solutions.
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“The bank has disbursed over US$100 billion in support of export development, industrial growth and economic resilience across the continent.
“During the high-level engagements, Chakwera also reaffirmed Malawi’s commitment to the African Continental Free Trade Area (AfCFTA), noting its potential to stimulate intra-African trade and diversify markets for local industries.”
The Government further says through these engagements, “Malawi aimed to strengthen relations with both African and Caribbean nations — especially in light of shared histories and growing aspirations for economic self-reliance and regional integration”.
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