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Chakwera's doomed Canaan! Helpless to contain Malawi's Kwacha value loss

Chakwera's doomed Canaan! Helpless to contain Malawi's Kwacha value loss
maravipost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maravipost.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Ralph Tseka , Frank Chikuta , Economics Association Of Malawi , President Lazarus Chakwera , British Pound , Reserve Bank , Daily Times , Malawi Executive Director Frank Chikuta , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பொருளாதாரம் சங்கம் ஆஃப் மலாவி , பிரிட்டிஷ் பௌஂட் , இருப்பு வங்கி , தினசரி முறை ,

K1 Trillion Reserve Bank transactions was debt restructuring – RBM | Malawi Nyasa Times

Experts at the country’s central bank, the Reserve Bank of Malawi (RBM), say that the bank legitimately wired the K1 trillion in a single day in June last year to various local commercial banks as part of debt restructuring process.
Media reports published over the weekend indicated the June 26, 2020, a day before President Lazarus Chakwera was declared winner of the June 23 fresh presidential election, was questionable and “one of those under investigation at the central bank.”
Former RBM Governor Dalitso Kabambe
The article also linked the transactions to allegations of impropriety among RBM senior management that led to the arrest of former Governor, Dalitso Kabambe, Deputy Governor Henry Mathanga and Senior Dealer Financial Marketing Operations Leah Ndonga who are presently on bail. ....

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Domestic Debts Still Unsustainable -OXFAM

Mihowa- domestic debts unsustainable
Lilongwe, Mana: Oxfam has said the current domestic debt remains unsustainable and there was need to critically review it if the country’s economy was to grow to expected levels.
Oxfam Malawi Country Director, Lingalireni Mihowa made the observation recently during the Budget Analysis Report Dissemination meeting with Parliamentary Committees at Sunbird Capital Hotel in Lilongwe
She noted that over 15 percent of the budgetary allocation was meant to serving domestic debts which were huge amount of a single sector could have utilized it to implement a number of programmes.
Mihowa added that only budgetary allocation for the 2021/2022 financial year, domestic debts stand second after Ministry of education on its allocation ....

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OXFAM chides finance ministry on AIP: 'Unsustainable'

OXFAM Malawi has pointed out that it was wrong for finance minister, Felix Mlusu, to assign 60 percent of budgetary allocation for Ministry of Agriculture towards the implementation of the Affordable Input Programme (AIP).
OXFAM Malawi country director, Lingalireni Mihowa, noted that the over 15 percent of the budgetary allocation to AIP should have massively helped in serving domestic debts which are presently unprecedented in the country, and also could have been utilized to implement a number of programmes.
Mihowa- domestic debts unsustainable pic by Tione Andsen (Mana)
Mihowa said on Monday at Sunbird Capital Hotel in the capital Lilongwe during the Budget Analysis Report Dissemination meeting with Parliamentary Committees that current domestic debt remains unsustainable and that there was need to critically review if the country’s economy was to grow to expected levels. ....

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DPP Tears Apart 'Pro-Rich' Tonse Budget

DPP Tears Apart 'Pro-Rich' Tonse Budget
malawivoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malawivoice.com Daily Mail and Mail on Sunday newspapers.

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