The World Bank Board of Executive Directors have approved an $80 million credit to the Malawi Government for general budget support.
This has been confirmed by a post on the World Bank’s website.
According to the bank, the budget support operation is the first of a proposed series of two operations and it aims to improve incentives for private sector participation in agricultural markets and to strengthen fiscal management through more effective expenditure controls and greater transparency.
It is known as the Agricultural Support and Fiscal Management Development Policy Operation (DPO).
The DPO supports a series of policy and institutional reforms that the Government of Malawi is undertaking in order to reduce distortions in, and improve the performance of the agricultural sector; and to restore basic public financial management and accountability systems.
“The Malawi Government is committed to ‘breaking the cycles of vulnerability in Malawi, by making the necessary reforms that will lead to a more resilient and private sector-oriented agricultural sector, and by rebuilding integrity in our public financial management systems,”said honorable Goodall Gondwe, Malawi’s Minister of Finance, Economic Planning and Development.
“We are grateful to the World Bank’s vote of confidence in these efforts, demonstrated by the approval of budget support, but we also recognize that there is a still a long way to go,”the Minister added.
The DPO is part of a broader World Bank response to the recent El Nino induced drought and food security crisis and brings the total support to recovery and resilience building efforts to $272.75 million.
The DPO aims to catalyze some of the investment financing operations in the overall response by addressing some of the key binding constraints that have amplified Malawi’s vulnerability to climate induced shocks.
Malawi’s policies and institutions—particularly in the agricultural sector—have often exacerbated the country’s vulnerability and government has taken initial steps towards addressing vulnerability and this operation is to help boost those efforts.
“Agriculture remains central to the fortunes of Malawi which makes this DPO a potentially high return operation as it will support an emerging reform agenda while acting as a stabilizing measure for the economy,”said Laura Kullenberg, Country Manager for the World Bank in Malawi.
“The Government has taken some very important reform steps and it is critical to maintain momentum and deepen reforms going forward to move Malawi out of the cycle of vulnerability and onto a positive development path,”she added.
The $80million credit is from the International Development Association, the World Bank’s fund for the poorest.
Fours years ago, the World Bank and the United Kingdom decided to suspend aid pending the results of the government investigation into the alleged corruption scandal, popularly known as “Cashgate.”
Ndili pano kufuna ,,kuonesesa kapena kuvesesa ,,mmene ndlama imeneyi ingayendere kapena kugaiwidwa,,,ndsanve kuti wna wathyolera mthumba uko mdye ku.dputa,,,,,,,ife akumuzi mutiganizire pa ndlamayo coz tatopa ndkuotcha makala,,,chmanga takolola ,,,nanga tzidya chokhachokha,,no!tkagulisaso ndye kukodola galu wakuda aliphe kumeneko,,,,makala pamseu pavuta,,,,,,tipenyeni,,,,ma mp athu zukani plz,,,changu pamalo,,,koma chondeeee,,,kayikiseni ma zip,,matumba ama trouser anu,,,kut pomwe mukulingalira zothandza,,musaganizeso zoponya mthumba.ine wanu mMalawi weniweni.
Houses for your workers first and good take home for them.
Muzibanso ndalamazo
#VISION 2020…….!
Wakwiya ndi mfiti
Should we sigh for the credit???
misonkho ndi imene ikutipweteka ku Malawi kuno
Zizibedwanso.
Ndiye tidzabwexa chiyani
Thank you world bank.Koma amalawi tiyeni tizikonda ziko lathu komanso tisamangokhalira kumanyozana kokha-kokha ayi.Ena momwe world bank yachitilamu ndiokwiya zedi iyayi osangokhalira kusutsa chilichose ayi.Pempho kwa atsogole athu nanunso muzikonda dziko lanu komanso wonesetsani kuti chitukuko chifikile zigawo zonse osati kwanu kokha ayi.
I THINK YOU ARE JOKING. A CREDIT CANNOT BE A SIGH OF RELIEF. IT’S A COLONIAL BURDEN BY DEFINITION. OUR CHILDREN WILL PAY BACK. DON’T FOOL US GOODALL
Its ur turn once again chaponda nd ur coligues zabwera zokha zidyedwe
sigh of what???? Lord have mercy koma tikudziwa what it means by credit or ngongole from the guys (world bank, IMF and such) nde ndi awa we can ma leaders azidyenso
chithandizo chayamba lero?
Akaodera Mabelo Akaunjika Boma Lake Limeneri?
Abenso
Boma ilo!!
Asabeso!!
World bank kkkkkkk
Plans have already been done. Campaign is around the corner. Promises and lies. Tikumangirani mlato. Koma tilbe msinje. Akuti abweretsa ndimsinje omwe. Poor Malawi. Stadium timanga zitatu. Chaponda’s stadium must be considered.
Mupitirize kuba agalu inu. Mbava zachabechabe.
Abeso agalu amenewa…..mkumapitiliza kumanga miseu yaphula…nkumangomatuka magalimoto akamadutsa
Mwalemelesa alomwe panepo
Now someone is busy making plan ho he fill his pocket please change don’t do that God shall punish u one
I think aigawa kale imeneyi. Yongobwera nanji, apangila kale ma budget momwe aidyere
Good! Moti Ndikuuze, Uyuyu Akulembayu Has Already Been Given His Share.
Ndiye wina adziti boma lalephela..! Kusutsa kophwasula osati komanga. Zongoonekelatu kuti zotumidwa/chipyela mtima.. kumangoona choyipa mu china chiri chonse & muwaona sayamikirapo kanthu coz amafuna adzimva zoipa zokha.. munakaona ma press conference ndi ma comment 1million. Enanu zikakuvutani mukhonza kuthawira kunja ndikumakanfunira Malawi zoyipa koma enafe Malawi is everything we got..! Ndichitirepo mwayi kuthokoza a World Bank Poona kuti President Prof A. Peter Mutharika ndi Boma lake akuchitapo kanthu. For the President & his Government, Congrats..! AMalawi anzanga tiyeni tiphunzire patokha kuyamikira anzathu pamene achita bwino, kutsutsa komanga pamene sanachite bwino! Jealous down
Olo madonors onse kuti ayambe kutithandiza chuma koma atsogoleri athu amazikundikira okha pamene ogwira ntchito m “boma nkumawapatsa ti ma K7 pa k100 yiliyonse,,,, mtikumbuke moyo wavuta pa Malawi pano.!
Awa musawalore amabwera when our economy is gud ikafoyira athaweso mwinaso ndi amene amatisokinezeraso our economy system
we,local Malawians will be responsible to pay back that credit through heavy taxes..osauka kamusaukirabe.
Mukati sigh of relief ndiyekuti chani? Musiya kutidula misonkho, muchepetsa, or relief to whom?
Nde wina aziti ‘because of the wise leadership of his excellency professor ..blah! blah! blah!! ndi chifukwa chake WB yakungongozani ndalamazo! Paja manyazi alibe.
If its not the leadership ndiye ndi chani? Mwina mwachititsa ndi inu kodi? Tidziweko please..!
Aaa! Kodi mukudya nawo eti? Mpaka kuvala dzina la ambwiyanu?
E bwana akhutisidwa ndi mfundo za boma la DPP.Zakayendetsedwe kabwino ka boma.
Kupanda kuti boma sikuonetsa tchito za bwino, a world bank akanachitapo kanthu? think twince before commenting. Nzungu kungopereka basi, No way.
Frank what are you trying to say? I really don’t understand,mwina apereka chifukwa boma la McP or UdF?
Ayi, but they have seen kuti if they dont do it, then the country will collapse. Not because of the govt policies as you may want us to believe. Corruption is sky high. Selective justice being order of the day. Financial abuse nde osanena. A wise leader is seen in the way he handles certain crucial national issues but so far, sorry to say, there aint any qualities seen ever since except for praise singers lauding these qualities.
Frank Jumbe, kodi inu ndi amene mukudya nawo za a Luke Jumbe, friday Jumbe..? Nanga nonse si ma Jumbe..!
Kkkkk! Si koma inu a kubanja lachifumu? Or mayina anu okhawo simunakulire kuno. Maka ili mukuti Atakizekizesi li…..! Mwakulira kunja ndi ankolowo eti?Kkkkk. Inetu si Jumbe wake ameneyo.
Good development. My prayer is for our national leaders to be more prudent and transparent on how they manage our finances to avoid a repeat of rampant cash gate in any form. This budget support remains a loan that still has to be settled, we are only spending our own money in advance. Or else, we will live better now and shift the struggle to our children. Bravo World Bank! Bravo our leadership for effort!
Mwangongola musoweseso mukatelo nde muzitikwenye ife kuti tibweze potikwezela misonkho sichoncho
Ayise Dereck! You Are Right, Koma Ndikuuze Kuti Ngongole Imeneyi Pobweza Malawi Adzadzadziwaso Petro K3500 Pa Litre He! He!
How stupid is the world bank. Another cashgate
consume them all! fill your accounts! rats!!
And Chakwera fan boys r vry angry.
Bdifuseko kodi zilowera ku account yandani poti poti zonse ziiri kumipando ndi anyapala okhaokha
Credit isn’t it and you are relieved, really!
Chaponda alikt???
positive outcome
Mbuzi za DPP zibenso ,fertilizer asapezekenso , Achina chaponda ndi anzake musamale mwanva
Chonde Alembeniko Aphunzitsi A Ipte 9 Ndi Odl 4 Akumvesa Chisoni.
Lija Ndikale Anamizidwa Kokwana.Akondeni Amalawi Amzanu.
Szotinso Mubenso.
Kkkkkkkkk koma wamvera chisoni heavy.
mau,w r fed up nw!
oky yikuonani koma fetereza asikeko mtengo komaso msewu wa M1 eshie think about it
Boma Lagwilidwa Ili Ndi Ana Amuna Professor Athur Peter Muthalika Ndi Saulosi Clouse Chilima Pansi Pa Chipani Cha The Democratic Progressive Party(dpp)2019 Bomaaaaaaaa Ana Achepa Aliponso Wina
azabweze ndiana ako ndi xidzululu.zsko iwo atazinyambita paja awa ndima captain a 2 finger
Zinayambira Kale Kale Izi Even Munthawi Yakamuzu Unayamba Wabwenzapo Kape Iwe ?Zinangoima Pakati Apo Kamba Kakuba Kwa Amako Aja
Bola zisalowe mmatumba as alomwe
Alakwitsa.Akanatifunsa kaye.Zidibwanso zimenezi.
Musabeso amalawii chonde.
mubeso
mukufuna zitsoweso eti and starting pointing fingers again hehe I’m just passing by your bank accounts….
Will be directed into someone’s pocket,no doubt,as long as i know Flames.
After kubvomereza zintchito zonyasa mwachisisi mathanyula ndi abortion,,,,zamanyazi!!
thats 2ru.azapezapo cholowa
Mavuto ndithu achimwene
Mavuto ndithu achimwene
Tsopano inuyo man mukufuna atani chabwino ?
Wabwino ndimlengi yemwe amakuchitira chifundo posasinthanitsa ndi zachabe ndipo sakhumudwitsa!!
Eeeeee Malawi ndiye ayinso nanga anthu othandiza atani kukhala sakuthandiza ndiykuti boma ndiloipa pano zithandizo zafika anthu kunyoza ndiye ndindani uyo adzakhala wabwino pamaso anu atengeni achembwiyanu akhale president muone ngati dziko lonse lizakondwa ndintchito zawo Malawi gwira ntchito ndimanja ako usiye kudalila boma chifukwa boma silipanga chitukuko chokomela wina koma anthu tonse
Wabwino ndiye mlengi olo Yesu anakana kutchedwa wabwino,,,,, zikomo
you calling credit a sigh of relief when handlers are cashgaters?
This is asign that our president and his administration they have done it well
Inu a news mumalemba zoipa zaboma kuti silikuyendesa bwino dziko lero mulemba zotani tsopano?
who will handle it, Mr Chaponda?
akutipasa pano titakolola bwino amakanika nthawi zanjala agalu amenewa abwenzereni tindalama tawoto tigulitsa zokolola
Bola zitsazabedwe
better… nde mubeso agalu inu