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In a measure of austerity, Malawi’s President Lazarus Chakwera has decided to temporarily ban his ministers and government officials from traveling abroad. This measure will also apply to himself
In a measure of austerity, Malawi’s President Lazarus Chakwera has decided to temporarily ban his ministers and government officials from traveling abroad. This measure will also apply to himself. This measure was taken to help his country cut spending and cope with the economic crisis.
The decision was announced after the International Monetary Fund (IMF) approved a US$175 million loan to the small southern African country. Chakwera, a former evangelical preacher, will therefore not be attending the COP28 climate summit scheduled to start in late November in the United Arab Emirates.
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He has also ordered all members of his government currently on official travel abroad to hasten their return home and a halving of the fuel budget for senior government officials. Malawi, a landlocked state between Mozambique, Tanzania, and Zambia, announced this week a 44% devaluation of its currency, the kwacha, to obtain the IMF loan. The country has struggled for decades to achieve sustained growth despite receiving large development aid budgets, according to the IMF.
