Lilongwe – Ben Manda rubbed her tired eyes and drank a drink behind a stick in Malawi’s capital. To feed his fourth family, it worked for 36 hours in turn on the back.
“I’m not at home in three days,” he said. “Times hard.”
Manda is a loss of economic struggles of Malavi, a livelihood hanging in a rope like external assistance and montage, and the national debt is squeezing its grasps in Africa.
A small television budget on the bar is a shortage of budgeting, unpaid salaries and spiraling value of living.
“The problem is that our leaders are distracting money from the intended use,” he said.
According to the World Bank, more than two-thirds of 21 million people – in extreme poverty, depended on foreign aid for decades for decades.
This year, Washington’s USAID agency was expected to expand financing and cutting the Britain and other donors, the storm of crisis causing economic instability in the general elections in September.
“About 545 million dollars,” AGNESS NYIRONGO, economic management officer, non-governmental organization, non-governmental organization, non-governmental organization, non-governmental organization, non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a non-governmental organization, a country, country, economic management, non-governmental organization since 2013.
“The laying of assistance means the prioritization of low-income generated in the country to provide loans to the country’s supply of services,” said Social Accountability and Transparency Center Willy Kambugan.
Malawi, according to the list of the International Monetary Fund (IMF) February 2025, is one of six countries with an unstable debt level.
The public sector debt was among 48% of GDP among March 202020 and March 20, 93 percent.
“This includes the costs of the increase in financial pressure, Covid-19 pandemia and three cyclones, high inflation and foreign exchange rates,” he said.
It’s less left
The structure contributed to the weaknesses and financial shelter to Malawi’s economic woes.
For example, tobacco exports are dominated, 60 percent, and the price for the product decreases, cut foreign exchange earnings.
“There are fewer or no diversification in export earnings,” he said.
Chikadza consumes about half of about half of about half of the debt services for about half, education, education and other critical sectors.
This year, inflation was pushed to prices this year, the Malawia took to the streets in several cities.
Measures to cope with the government, including the severance of public expenditures and removal of taxes, have been deeply popular.
President Lazarus Chakwera, who stands for re-election in September, is asked to lend to a “breathtaking place” in a repetitive UN General Assembly in the UN General Assembly.
The subject is the priority for the leading economics group of G20 under the presidency of South Africa, the first African people to role.
More than half of Africa’s 1.3 billion people, the South African government lives more than health, education and infrastructure than social issues.
David McNair, saying, not writing a solution debt, a campaign non-profit group of global politics.
Developing countries such as Malawi “need to borrow more to allow investment in demographic trends,” he said.
However, their debt “It is very expensive,” he called on the assessment of the assessments of the G20 rating agencies and to find a way to unlock the lock of low-valued personal capital.
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Source: AFP
