Malawi’s economic crisis: Can recovery begin?

Almost nine months after Malawian President Peter Mutharika returned to power, his administration finds itself grappling with a severe and protracted economic crisis. The government faces the urgent challenge of restoring foreign exchange reserves, managing a growing external debt burden, reducing inflation and addressing chronic food insecurity. When Malawi’s sixth president, Lazarus Chakwera, assumed office in 2020 after defeating Peter Mutharika in a court-ordered presidential election rerun, he pledged to rebuild the battered economy, create one million jobs for young people and root out systemic corruption in the civil service. His broader promises of wealth creation, entrepreneurship, good governance and […] The post Malawi’s economic crisis: Can recovery begin? appeared first on African Arguments.