Malawi is economically doing well – Mutharika

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Malawi President Peter Mutharika has said the country is economically on track to recovery and blasted the International Monetary Fund (IMF) for giving people what he called ‘the false impression’ that his reforms were not working.

The IMF experts had said last month that Malawi was flying through a serious economic turbulence because of weak fiscal measures being implemented by the Mutharika regime.

Peter Mutharika

Mutharika: Our economy is on track

“The Malawian economy is facing difficult challenges… Real GDP growth is projected to fall to 3 percent in 2015 from 5.7 percent in 2014″ said the IMF mission to Malawi while singling out Peter Mutharika’s gratuitous spending as one reason for the current economic meltdown.

But the president said the remarks were misleading and not reflective of the country’s economic status.

“The IMF mission has undertaken the seventh review of the Extended Credit Facility (ECF) arrangement and examined our country’s macroeconomic context. The mission commended the Government for actions taken to bolster the financial sector, including the action on recapitalization of locally-based banks to significantly reduce vulnerabilities in the financial sector.

“The IMF confirmed that Malawi has met most of the program targets, including Net International Reserves and Net Domestic Assets of the Reserve Bank of Malawi. This is important because some have given our people a false impression that the entire economy is off-track.” said the President while opening the 46th session of the Malawi National Assembly in Lilongwe.

President Mutharika, who was highly selective of the IMF statement, clarified while the international monetary body had pinned Malawi’s economy as being off track.

“We met all the targets except for the target of Central Government net domestic borrowing. We had an over-expenditure of 2% of GDP in the second half of the 2014/2015 year in wage bill. The country also delayed the implementation of structural improvements in the Public Finance Management. These are the ones that led to a conclusion that the EFC programme is off-track.

Mutharika’s full statement can be downloaded by clicking here

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107 Comments

  1. A business akulira. Apantchito akulira.. Alimi akulira. Ana sukulu akulira. Azi zanyanya. kodi chaka chino tikudya christmas. Chuma chasokonezeka. Mumati ng’ombe yaikazi sikoka ngolo. Nde iyi yaimunayi. Ayi nde yayang’ana ngolo..

  2. Mr President,dont waist ur precious tym with these nonsense accussations coz all the Ghost workers are against this reforms.What ican tell them z the honeymoon z over.Proud of u Mr President.All the best

  3. doing well !!? iwe ndiwe chindele chakufikapo cha plezident.kupanda mano nzelunso zinatha eti. sorry ku malawi.

  4. There’ll be a time when imf will be the talk of the past,this organisation z not helping developing african cntries bcoz they still want to rule over them,but what they should know z that one day its mandate will not be heeded by these trampled(down troden)cntries,becoz they’ll realise that this organisation z not good to african cntries,it pretend to be a good friend but its a hawk among chicks.This will come to pass.

  5. NAZI ZIZINDIKIRO ZOTI CHUMA CHIKUYENDA BWINO:
    1.Passport tidakweza kufika pa K52 000
    2.Ku maneb tinakwezanso fees
    3.Ku ma CDSS Fees tinakweza kuchoka pa K4 500 kufika pa K10 500
    4.Road traffic tinasinthanso system
    5.Sitidalembe ntchito aphunzitsi ndi madotolo ndipo lathu sililemba aliyense.
    6.Coupon 4rm K500 to K3000
    7.Ku ESCOM mitengo takweza kuyambira pa 1november 2015
    8.Sugar tikukwezanso
    9.Malipiro anthu ogwira m’boma sitikweza ai, boma tikuliyendesa bwino ife a DPP kusiyana ndiena aja.posachedwa tiyambisa msonkho wanyowani aliyense wokwatira azikhomera mkazake msonkho kuti chuma chathu chipitilire kuyenda bwino.

  6. if economy is ok why the gvt is failing to employ people and yet they is recruitment freez apolice lmmigration,nurses jst to mention a few…..why we..the youth we are still remaing jobless thats unfair

  7. if economy is ok why the gvt is failing to employ people and yet they is recruitment freez apolice lmmigration,nurses jst to mention a few…..why we..the youth we are still remaing jobless thats unfair

  8. I.M.F ndiimene inauza a president kuti ndalama zimene amalipira anthu ogwira mboma zimachuluka kusiyana ndizimene boma limapeza
    So don’t divide the country but rebuild it mmesa amati Malawi ndidziko la mkaka ndi uchi

  9. I.M.F ndiimene inauza a president kuti ndalama zimene amalipira anthu ogwira mboma zimachuluka kusiyana ndizimene boma limapeza
    So don’t divide the country but rebuild it mmesa amati Malawi ndidziko la mkaka ndi uchi

  10. mzimu wagadama sopano.gwape iwe anthu omwe anavutikila malawi ali Kumanda pomwe iwe wangobwela ndibotolo la wiyne basi uli lumbilitsani ine ndikunikhani makwacha tiyeni nazoni munvekepo inuyo.

  11. Kkkkk chuma chikanakhala chikuyenda bwino bwenzi sugar ndi chimanga chikukwela iwe pitala tatopanawe ndimaboza ako gord will punish u anthu akuvutika ndeuziti chuma chikuyenda bwino ma rabish

  12. Ukakhala pa nsana pa njobvu usamati kulibe mame!
    Kulankhura kwa ndithe ndithe che Nathambwe anazitengera!.
    Komanso ntchentche idati kumbuyo kwabwino, kutsogoro kwabwino! !!
    A Malawi omwe ali ndi nzeru akuona ndipo akumva!
    Zimawawa kuti pali a Malawi ena sachedwa kuiwala ndipo mapeto zimavulalitsa mtundu osalakwa!!

    Kodi mukamati chuma chkuyenda bwino mukunena poonera zichani?
    Chikusintha mmadera akumidzi ndi mma town chani?
    ;;;; Eeeishhh. tidzingotchona bwaa!!

  13. zinthu pamalawi pano zikuyenda bwino ku state house,osati kumidzi. For example magetsi aukhalako usiku only,sugar K630 ,subsidy not yet, intrest in banks ,no food in hosp.

  14. On track, pamene likulephera kulemba ntchito aphunzitsi ndi mafokotala. Why waste money to train them when you can’t absorb them. It’s even failing to pay peanuts of pension arrears to pensioners.

  15. Kkkkkkkkk ha ha ha ha ha ha ha ha ha eheeee ethyeeee mpaka zikundiyambitsa chinfine man. Misalayi ndiyanji kodi? Yayimuna kapena yayikazi? Ikakhala yayimuna ikhale MADSON ikakhala tayikazi ikhale MADNESS.

  16. yah pilizi chonde Mr President fight hard coz our economy yafika po nunkha.I hope ur govt will recover it through five years plan ngati putin

  17. zodiak says the president has admited that the country is sailing thru financial tough times and malawi 24 is telling us the opposite.so who giving us the correct information?

  18. Siuja amati amene akufuna kulemera achoke m’boma akayambe ntchito ku makapani chifukwa boma liribe chuma. Ndinso saonjedzera malipiro. In fact he said by December 2015, the govt will meet all that IMF had recommended. This was just two months ago. Effectively, he was agreeing that our economy is off track. Why change tune now?? Who is fooling who?? All of our economic indicators are in the red bwana Peter. Magesi mwakweza dzana, sugar dzulo, fisp simunagawe koma mvula yagwa. Chilungamo chasowatu.

  19. Zoona kwacha mpaka pano osagwa tikamatumiza pa mukuru.1 to 40 from last month mpaka pano.kuyandamisa rand eti.keep it up!Joni NDE tiithawatu!

  20. Ambuye plz plz mutengeni Mr #Bwapini be for amalawi asanamwalire ambili ziko lathu lawonongeka kwambili kusavera athu akumwera zovota zopusa mwawona lero musalire,mumati muchona angayendese ziko taonani anthu akufa muzipatala bolani nayeso apite kundata anthu 14 milion asavutike chifukwa chamuthu imozi #Bwapini.

  21. The man is going crazy before everything get out of hand send him to Zomba Mental Hospital, he must be thinking Malawians are stupid .Just as his Bingu was scrapped off , he is also going to be scrapped off. Malawians are stranded just within one year and he think everything is alright ??.

  22. A peter chonde musamadzinyozetse nonkha mumayankhulidwe anu. kodi simwaletsa JCE, kulepha ntchito ma DOCTER Ndi anthu ena m’boma chifukwa chuma sichikuyenda bwino? Musawatenge a MALAWI wopusa!

  23. Bwana Peter , you could have told the IMF guys the time they were telling you all what you are saying in the November House otherwise I know that the IMF told you in August that the ecconomy is not performing well.

    You have now accumulated enough wealth that is why you are big headed even to an extent of telling the IMF off. You go in all the hospitals in all the districts just to see by yourself how people are suffering , government boarding school student have no food , contractors doing government jobs are not being paid , government cheques are bouncing and worse more all the government ministries are not being funded according to the money allocated to all ministries by the approved budget of 2015 to 2016

  24. Yes There Evidences To That Which Include: Taking 120 Deligates To UNGA, BUYING EXPENSIVE VEHICLES FOR The Leader Of The Opposition, Speaker And Deputy Speakers.The Idea Of Employing Players For Civil Service United, The Delay In Distributing Farm Inputs Subsidy, The Failure By The Government To Employ Nurses, Doctors And Teachers Are Some Of The Indicators That Our Economy Is On Track

  25. Chinakakhala kut chuma chathu chikuyenda bwino bwez atakweza sugar kod mkulu ameneyu akutitenga ngat ife ana eti??????? Zinaziwika kut dziko lino ndilosauka kwambiri paziko lose lapasi….avomereze kut walephera kuyendesa dzikoli azake amulandile… Bolanso mastern anali bwino osat izi…..