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Malawi’s President Ban Self, Cabinet From All International Trip To Save Money For His Country

Malawi’s President Lazarus Chakwera henceforth bans himself and his cabinet from all international travel in a bid to save money for his country

The president made this known during a televised address on Thursday, 16th of November, 2023.

The measure follows a huge devaluation of the currency as Malawi secures a loan from the International Monetary Fund (IMF) to boost its ailing economy.

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Mr Chakwera has also ordered all ministers currently abroad to return home.

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Fuel allowances for senior government officials have been cut by 50%.

Malawi’s economy has been undergoing turbulent times, characterised by an acute shortage of petrol and diesel, as well as high inflation.

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Mr Chakwera said the measures would remain in place until the end of the financial year in March 2024.

As part of moves to ease the cost-of-living crisis, the president has asked the finance minister to make provisions for a reasonable wage increase for all civil servants in the next budget review.

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He has also directed a lowering of income tax on individuals in the upcoming budget, to help workers whose incomes have lost value. [CONTINUE READING HERE]>>>>

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