President Dr Lazarus Chakwera says Malawi is showing signs of recovery from natural adversities such as diseases and cyclones that affected the country.
Dr Chakwera made the remarks in Nairobi, Kenya during the International Development Association -IDA and the Africa Heads of State and Government summit, where he acknowledged IDA’s role in times of crisis.
“In total, the emergency care we have received inside the IDA ambulance en route to the hospital has risen from an average of $100 million in disbursements 4 years ago to now around $600 million, which is a record,” said the President.
He went on to cite initiatives like the Social Support for Resilient Livelihoods Project which aims at responding and building national resilience to disasters as an example of how IDA has supported Malawi.
Dr Chakwera also mentioned IDA’s contribution of $60 million to restoring Kapichira Power Plant.
The President commended the World Bank for resuming general budget Support to Malawi after a decade-long suspension, an indication of confidence in Malawi’s financial management reforms.
By Isaac Jali
