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Pres. Mutharka hails ADB support towards Malawi’s pro-growth policies

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The Malawi leader Professor Arthur Peter Mutharika, says his country's stride towards real development will only be attainable when international institutions remain at the core of advisory and monitoring.

09
March

President Mutharika made the remarks on Wednesday when he met officials from African Development Bank (ADB) at Kamuzu Palace in Lilongwe.

 

“It is our conviction that Malawi needs pro-growth support. It is my Government’s commitment that we set the foundation of weaning the country from aid dependence to ensure that we are truly independent. However, that dream will not be possible without support from institutions like the Bank,” said Mutharika.

 

He added: “I, therefore, invite the Bank to partner with us by not only bringing the much needed resources on the table but ideas too. Of course, I am aware that the Bank is already interested in this area”.

 

The ADB team, which is being led by Dr. Mohamed Zaghloul, was in the country to among other things assess progress of projects funded by the institution.

 

President Mutharika commended the ADB for the current support of $26 million to Malawi under health and education thematic areas. He further expressed trust in the bank’s policy of aligning its support to the priorities of the Government.

 

The history of development cooperation between the Bank and Malawi dates back to June 1969. The Bank’s portfolio in Malawi is currently valued at over US$1 billion, including regional operations such as the Lilongwe West By-Pass and the Nacala Corridor Development Project.

 

Over the years, the African Development Bank has proven to be highly responsive to Africa’s evolving development, regional and continental integration challenges and needs.

 

In Malawi, the Bank has been providing support to various sectors and thematic areas, such as health, agriculture, water, irrigation, transport, education, as well as public finance management.

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