adminLILONGWE — Malawian President Peter Mutharika on Friday pleaded with the World Bank to resume aid to his country.
President Mutharika made the appeal when hosting the World Bank’s high level delegation of nine executive directors, adding that with donor-aid frozen, Malawians were suffering.
The World Bank and other donor members, who form the Common Approach to Budgetary Support, withdrew their support to Malawi’s national budget following the plundering of public finance termed “cashgate” by the media.
However, the Malawian leader assured the World Bank high level team that his new administration would ensure prudent fiscal discipline.
“We have seen the economic consequences of the cashgate and I promise that nothing of that nature will ever happen in this country again,” he said, adding,
“However, we need that donor support.”
President Mutharika said the country now had a good environment for foreign investment and he appealed to the World Bank to help attract investment into Malawi. — Xinhua.
Online Reporter