Malawi’s Minister of Finance Goodall Gondwe has asked experts and politicians who are suggesting solutions to the problems the country is facing to give short term solutions.
Malawi is facing economic problems as prices of goods and services continue to rise due to the fall of the Kwacha.
Experts and politicians have been asking government to see to it that inflation is reduced, to encourage irrigation farming, and to narrow its trade deficit.
But Gondwe said there is need for the politicians and the experts to provide short term solutions as at the moment they are giving long term solutions.
“The problem we have at the moment like that of inflation, exchange rates and interest rates are short term that in three to four years the problems will be solved hence the need for them to provide government with short term solutions,” said Gondwe.
He added that for inflation to be dealt with, there is need to reduce borrowing and the answers to these problems should be short term. Recently, opposition politicians have been calling for President Peter Mutharika to resign saying he is failing to find sustainable solutions to the current economic turmoil.
However, government officials continue to slam the calls and have argued that the economic problems have always been there hence they are not enough reasons for Mutharika to resign.