By Suleman Chitera

The International Monetary Fund (IMF) has said that Malawi’s economy is performing much better compared to the past five years.

According to the latest list of countries’ economic performance, Malawi’s GDP growth has risen by 0.3 percentage points — from 2.4% to 2.7% — matching Tanzania, which has also recorded a 0.3-point increase.

This means Malawi has performed better economically than countries such as South Africa, which grew by only 0.1 point, the United States (from 2.0% to 2.1%), and the United Kingdom, whose growth remains stagnant at 1.3%. Other countries like Nigeria, Egypt, and Kenya have also recorded lower growth than Malawi.

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The IMF attributes Malawi’s progress to strong economic policies and development strategies implemented by the Democratic Progressive Party (DPP) government, aimed at reviving an economy that was weakened under the Malawi Congress Party (MCP) administration led by President Lazarus Chakwera — a leader criticized for lacking sound economic management.