The World Bank has urged the Malawi government to increase the allotment for safety nets.
Speaking to MBC on the sidelines of the Association of Business Journalists Annual General Meeting in Mangochi, Social Protections Specialist for the World Bank in Malawi, Massimo Sichinga said there is a need for safety nets to speak to economic movements.
He disclosed that currently, only 0.8% of Malawi’s GDP is going towards safety nets therefore has to change.
Sichinga, however, pointed out that the increase should not imply an increase in the whole budget, but a reallocation of resources from other non-efficient programmes within the existing development plan.
Currently, the Britton Wood institution is running 30 programmes in the country including cash transfers with cumulating funding worth $3.55 billion.
