Malawi President Dr. Lazarus Chakwera has officially opened the 50th session of the National Assembly with a State of the Nation Address (SONA) at New Parliament Building in Lilongwe.
He expressed government’s commitment to restructuring the country’s economy to be productive enough to create wealth, jobs, achieve food security and move the country to a low-middle-income economy as outlined in the Malawi 2063 and thereafter achieve Sustainable Development Goals.
President Chakwera admitted that Malawi just like other countries globally, is faced with economic shocks due to global economic trends and locally the economy has also suffered due to servicing of accumulated domestic debts and adverse weather conditions which affected agricultural productivity and power generation.
In view of the economic shocks, the president said government will continue cushioning Malawians with social protection programmes such as Affordable Input Programme, social cash transfer, relief food and public works programmes.
He said for efficiency’s sake, all social protection programmes will be consolidated to avoid duplication of beneficiaries.
He then outlined some of the progress registered and works underway in various sectors which are key in driving country’s economy such as finance and economic affairs, agriculture, tourism, mining, education, health, transport and public works among others.
He cited the approval and disbursement of $88.3 million rapid credit facility from International Monetary Fund (IMF), advanced negotiations for a new Extended Credit Facility from same IMF, good progress of the first 10-year implementation programme of the Malawi 2063, as some of the achievements made under finance and economic affairs sector.
Dr Chakwera also said government is pushing for agricultural mechanization,
commercialization, and industrialization with development of mega farms and intensive irrigation through development and rehabilitation of irrigation schemes and construction of 50 state of the art livestock centres.
The State of the Nation Address also expressed progress made in sectors of tourism, mining and trade and industry where interventions such proper legislation, infrastructure development and enforcement of laws were put in place to ensure that the said sectors contribute to the country’s GDP.
The statement also highlighted various infrastructural and human resource gains in sectors such as education, health, transport and public work, local government, natural resources and climate change, trade and industry, homeland security, water and sanitation, youth and sports and judiciary all to ensure effective service delivery and more infrastructures are expected in the 2023/24 financial year, Inkosi Yamakhosi M’belwa University being one of them.
The State of the Nation Address was delivered under the theme: “Delivering Economic Transformation and Governance Reform through Sacrificial Action and Service Excellence.”
