Opposition Malawi Forum for Unity and Development (Mafunde) says the high interest rates in the country are a result of government’s over-expenditure.
This is coming days after Reserve Bank of Malawi’s Governor Charles Chuka blamed politicians for failing to make sure that interest rates in the country are low.
As reported by the Reserve Bank of Malawi, for the past 15 years Malawi has had an average interest rate of 25.98 percent, but the rate reached an all-time high of 75.53 percent in 2001. Currently, the country’s interest rate is at 27 percent.
Commenting on the matter, Mafunde’s George Nnesa said the high interest rates are affecting the country and government is responsible for the mess.
“The problem of high interest rate is because the government is over spending and this affects everyone,” said Nnesa.
He added that the International Monetary Fund (IMF) tells Malawi what to do because the country’s leaders do not know how to manage Malawi’s affairs.
Nnesa further said if government had allowed Reserve Bank of Malawi to be independent, the IMF would not come in to guide Malawi on what to do to improve its economy.
Recently, Malawi introduced a K2000 bank note a development which some quarters have described as a sign that the economy is not improving.
JOIN THE GREAT ILLUMINATI IN any where you are in the whole word today ; TO BE RICH AND FAMOUS whatsapp us on +2348172953814. Are you a man, woman, business man, student, military personnel, civil servant etc. that have longed wished to be rich and famous? Here is a great opportunity to join the world Great Illuminati Association. I promise you, if you are able to join your life will never ever remain the same, you will continue to experience breakthrough in the the works of your hand and you will continue to prosper. Please note that we don’t share blood here and you must be someone that knows how to keep secret very well whatsapp us on +2348172953814
Osangoti mnesa watero bwanji
Nanu a President a mafundo Ndi u mp omwe kulephela NDE muziti mulindimasophenya ozalamulila dziko kkkkkkkkkk
Mnesa ur mad! Waiwala kuti u were for devaluation of Kwacha without necessary measures.
2019 yawandika tizipani topanda adres tayambapo
Kodi nanu mukamangoti chinachilichose kuiblamer boma mukufuna mundiuze kuti atati akupatseni inuyo udindoyo zithu zingayambe kuyenda bwino???
Paja mafunde nchan?
Paja mafunde ndi zichani?
How do you know????
nde mafundewo akupangapo chani? zomangolankhula muchigulu tikudana nazo zipani za mzikwama ngati ìzì zithesedwe zongooneka nthawi ya mavoti!!
nde mafundewo akupangapo chani? zomangolankhula muchigulu tikudana nazo zipani za mzikwama ngati ìzì zithesedwe zongooneka nthawi ya mavoti!!