03/06/2026
Mwanamvekha Hails Success of National Economic Recovery Consultation Forum
Minister of Finance, Joseph Mwanamvekha, has expressed satisfaction with the outcome of the National Economic Recovery Consultation Forum, saying the engagement has generated valuable ideas that will help shape Malawi's economic recovery strategy.
Speaking on Wednesday at the Bingu International Convention Centre in Lilongwe, Mwanamvekha said the forum had successfully gathered views and recommendations from various stakeholders, which will be refined and incorporated into the final National Economic Recovery Plan.
The minister said government will continue receiving additional submissions until June 15 to ensure that those who were unable to contribute during the consultations also have an opportunity to share their views.
He added that the final document is expected to be completed by early July before being presented to Cabinet and officially launched later that month.
Mwanamvekha explained that the recovery plan seeks to address some of Malawi's most pressing economic challenges, including rising public debt, low revenue mobilisation, foreign exchange shortages, inflation, and high borrowing costs. He described the foreign exchange crisis as "the elephant in the room," stressing that resolving it would help ease many of the country's economic difficulties.
The minister further said government intends to tackle excessive money supply, which he noted is contributing to pressure on the foreign exchange market, while also working to bring down inflation and create a more favourable environment for businesses to access credit and expand operations.
He expressed concern over the growing number of young people graduating each year without employment opportunities, saying many are unable to start businesses because of limited access to financing. According to Mwanamvekha, the recovery strategy aims to create conditions that will encourage private sector growth and generate revenue.