Malawi has over the last decade had sustained economic restrains due to the lack of clear cut governance and policy frameworks, an expert has said.
The sentiments have been made by Ben Kalua bearing in the wake of fuel woes, economic stagnation and political unrests which have dominated the country’s headlines since 2010.
With this, the Chancellor College based economist believes Malawians need to understand the manifestos of leaders slated to contest in the looming fresh presidential election to make proper choices.
On this end, Kalua argues that it is only a regime that has vivid and workable policies that can pull out the country from the troubled economic waters.
‘’ Having leaders that are geared at improving the status of the country rests in the hands of the electorates in the next elections. However, our problem remains that we have misaligned frameworks that lack in essence the principles to develop,’’ noted Kalua.
According to the economic development document released by IMF In 2010, Malawi
In its 2010 economic development report, the International Monetary Fund notes that Malawi remains pervasive and largely stagnant, especially in rural areas.
Through a basic needs basket that cost 37,000 kwachas per person per year, 50 percent of the population were classified as poor.
Approximately, 25 percent of Malawians live in extreme poverty.
By 2019, Malawi’s economic growth was projected to reach 4.4%, increasing over the … The national poverty rate increased slightly from 50.7%.
