Malawi Celebrate Over AfDB’s K12.5 billion Grant  

 

minister-of-finance-dr-goodall-gondwe-signing-documents-with-the-federal-republic-of-germany-ambassador-to-malawi-jurgen-borsch-at-capital-hill-c-stanley-makuti-3African Development Bank (AfDB) has granted Malawi Government with 12 million Units of Account (approximately K12.5 billion) towards Food Crisis Response Sector Budget Support.

Minister of Finance, Economic Planning and Development Goodall Gondwe said the money will be used for procuring maize to replenish the Strategic Grain Reserves (SGR) for immediate distribution to households that are food insecure.

He made the remarks Monday in Lilongwe during the signing ceremony between the Malawi government and the AfDB saying government is expected to procure about 36,100 metric tonnes of maize with the resources.

“The food insecurity currently being experienced in the country is as a result of effects of El Nino which affected food production in the 2015/2016 growing season. The latest figures from the Malawi Vulnerability Assessment Committee (MVAC), it is estimated that about 6.7 million people will be food insecure up to next harvesting season,”Gondwe said.

He said this is an enormous humanitarian challenge that the government has faced in the recent times, however, the assistance will go a long way in averting the hunger situation in the country.

The Minister said this is a fulfillment of the commitment made by the President of the Bank Dr. Akinwumi Adesina to the President Professor Peter Mutharika and the people of Malawi as a whole.

He said government is already considering lasting solutions to break the cycle of food insecurity and that with other development partners they are already financing projects and programs of this nature.

“Our preparedness is paramount as the extreme weather conditions will remain prevalent with climate change,” he said, adding, in the current season they have already been warned of a La Nina which is the opposite of El Nino.

Gondwe said it will take everyone’s concerted efforts, individually or at community level to put together robust systems that will galvanize the resolve to create and maintain resilient communities.

AfDB Resident Representative Dr Andrew Mwaba said this is intended to support Malawians to implement the emergency plan for food inputs as a result of the drought.

He said the grant provided will not been mismanaged as they will put in place measures to monitor the funds through the central bank.

Mwaba said the Bank will also provide resources through infrastructure and business program to provide resources for small- scale in agriculture irrigation and also to provide training in agriculture, business and entrepreneurship to the youth.

He said this will target over 700 youths at the selected Traditional Authorities level in different districts.

 

 

 

15 Responses to "Malawi Celebrate Over AfDB’s K12.5 billion Grant  "

  1. Peter Mfune   December 6, 2016 at 2:57 pm

    This is a grant you did not expect it please please as it is well stipulated for crisis do the wise thing for once by pumping it into subsidising ADMARC maize for everyone to benefit not otherwise.

    Reply
  2. Chiku Meke   December 6, 2016 at 3:40 pm

    Muli na Suzgo imwe

    Reply
  3. Unandi Mbewe   December 6, 2016 at 3:49 pm

    If we sum up all the food aid given to our country from our well wishes I don’t kno y pipo in our villages are suffering, bwezani ngongole yomwe Admarc anatenga ndikusisa mtengo wachimanga athu akumudzi amve kut thandizo laperekedwa ku dziko lawo

    Reply
  4. James Ganizani   December 6, 2016 at 4:52 pm

    If gvt top officials read these comments or have access to know the comments,pliz know that when ever there is a problem a solution is visa vesa The rich receives to give the poor,the need must spend anual gain to get what u call aid to mwians.Pliz be honest when helping yr fellow citizens

    Reply
  5. Suleman Mussah   December 6, 2016 at 6:03 pm

    It’s dramatic to see big cash being signed but what for, yr bellies and yr pockets not the poor, u big shorts u pretty know wat to do with cash yet u sign it as relief stuff, u make me sick, u all burn to hell

    Reply

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