Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has described the Innovative Financing Framework (INFF) as a transformational tool that will strengthen domestic resource mobilisation through tax policies and anti-corruption measures.
Chithyola Banda said it will leverage private capital by channelling investments in critical sectors like agriculture, mining, tourism, manufacturing, renewable energy and digital infrastructure and enhance transparency to ensure every dollar advances to Sustainable Development Goals (SDG) priorities.
“It is time to optimise fiscal policies and attract sustainable investments where they matter most,” he said.
Chithyola Banda has therefore urged development partners to support Malawi’s key economic sectors to ably achieve national development goals and SDGs by 2030.
UN Country Coordinator, Rebecca Adda-Dontoh and EU Ambassador to Malawi, Rune Skinnebach, reaffirmed their commitment to support Malawi move from “policy-strategy rich to implementation rich” to achieve its national development goals.
The INFF and SDGs Investor Map for Malawi, jointly launched in Lilongwe on Wednesday, is aimed at accelerating progress and achieving the SDGs by 2030 and Malawi 2063.
