Government has acknowledged that Malawi’s foreign exchange crisis is continuing to weigh on efforts to improve the economy and ease pressure on citizens.
Leader of the House Jappie Mhango made the admission on Friday while delivering his adjournment statement at the close of the Third Meeting of the 52nd Session of Parliament.
Mhango said the government is working to restore economic confidence while addressing the difficulties affecting the country.
“Our task is clear: to restore confidence, strengthen fiscal discipline, stimulate production, attract investment and improve the living standards of our people,” Mhango said.
His remarks came after opposition lawmakers raised concerns over the cost of living, foreign exchange shortages and service delivery during the parliamentary meeting.
Mhango said government was committed to economic recovery and sustainable growth, arguing that Malawians deserve an economy that works for them.
The foreign exchange shortage remains a major concern for businesses and consumers because limited access to foreign currency can affect imports, availability of goods and services and the wider cost of living.
