The World Bank Country Director for Malawi, Burundi, Somalia and Tanzania Miss Bella Bird has hailed Prof. Arthur Peter Mutharika and the government of Malawi for their commitment to develop the country.
Bird was speaking at Sanjika Palace in Blantyre after an audience with His Excellency Prof. Arthur Peter Mutharika.
Speaking during the meeting, President Mutharika told the World Bank Chief for Malawi, Tanzania and Burundi that his administration has made tremendous economic strides the past three years such as reducing inflation from 24% to 7.1%, the reduction of interest rate from 25% to 16%, and the improvement of foreign currency reserve cover from 2 months to 6 months.
President Mutharika added that all these strides have been achieved without direct budget support adding however that a helping hand from development partners is welcome to consolidate these economic gains and resolve challenges in the energy sector and reforms.
In response, Bird said the World Bank as a partner in development demands prudent leadership for them to assist sovereign countries realize their developmental dreams adding that she was confident that in Prof Arthur Peter Mutharika, Malawi has such a leader.
Bella Bird congratulated President Mutharika and his administration for achieving meaningful economic gains for Malawi under difficult circumstances and assured him that the World Bank is ready to assist Malawi continue on the path to economic development.
According to the World Bank, Bella Bird, a British and Australian national, became the Country Director for Tanzania, Burundi, Malawi and Somalia in July 2015. She is based in Dar la Salaam.