By Burnett Munthali
United Democratic Front (UDF) president Atupele Muluzi has raised serious concerns over the recent cancellation of Malawi’s $175 million Extended Credit Facility (ECF) by the International Monetary Fund (IMF), warning that the consequences could be devastating for the nation’s already fragile economy.
Writing on his official Facebook page, Muluzi stressed that the cancellation is not merely a matter of losing external financial support, but a profound signal that Malawi’s economic recovery path is in peril.
He emphasized that the ECF was a critical anchor for the country’s reform agenda and economic revival, and without it, Malawi risks sliding into deeper economic instability.
According to Muluzi, the IMF’s decision reflects a growing lack of confidence in the government’s handling of the economy, a concern that could influence other donors and lenders to also withdraw their support.
He described the situation not just as a financial crisis, but more alarmingly, as a leadership crisis—pointing to what he believes is the root cause of Malawi’s persistent economic challenges.
Muluzi warned that the IMF’s move could serve as a trigger for broader financial isolation, further straining an economy already struggling under the weight of inflation, a weakening currency, and dwindling public trust.
In response to the crisis, he highlighted his party’s proposed solution: the #BusinessFirst Plan, which he says is designed to restore credibility, attract investment, stabilize the Kwacha, and provide a solid platform for sustainable growth.
He said Malawi does not need more excuses but requires real solutions and decisive leadership that can steer the country out of crisis.
Closing his statement, Muluzi issued a stern call to action, warning that without urgent reforms, Malawi could lose its economic sovereignty and future.
“It’s time to act, and we must act now,” Muluzi declared, underscoring the urgency of the moment and the need for a national awakening.
