By Suleman Chitera
Washington, D.C. (USA) — Malawi’s Minister of Finance, Economic Planning and Development, Hon. Joseph Mwanamvekha, MP, is currently in Washington, D.C., United States of America, representing the Government of Malawi at the Spring Meetings of the World Bank and International Monetary Fund (IMF).
The meetings, which bring together global finance ministers, central bank governors, and development partners, focus on addressing international economic challenges, fostering sustainable development, and strengthening collaboration between nations.
Focus on Malawi’s Economic Priorities
Throughout the week, Hon. Mwanamvekha has been engaging with key regional and international financial institutions to deliberate on Malawi’s immediate economic priorities — including food security, fertiliser supply, foreign exchange stability, fuel availability, and access to essential medicines.
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On Wednesday, the Minister met Mr. Adriano Ubisso, Executive Director of the World Bank, and held discussions with other development partners focusing on short-term policy priorities, key development projects, and funding opportunities.
Strengthening Partnerships with the World Bank and IMF
On Thursday, 16th October, Hon. Mwanamvekha chaired the 30th Statutory Meeting of the Constituency. Later in the day, he met with the World Bank Country Management Unit and the IMF Executive Director, continuing high-level discussions on ongoing and future development support for Malawi.
The Minister and the Governor of the Reserve Bank of Malawi also attended the World Bank Group Development Committee Ministerial Lunch and Meeting, where they engaged development partners on Malawi’s economic recovery and growth priorities.
Regional Cooperation and Investment Opportunities
On Friday, 17th October, the Malawian delegation will participate in the IMFC Breakfast, followed by a Ministerial Breakfast with the Zambian Minister of Finance to discuss regional economic cooperation.
They are also expected to meet with the African Director at the IMF and the Deputy Assistant Secretary at the U.S. Treasury, focusing on regional economic collaboration and policy alignment.
Later in the day, Hon. Mwanamvekha will engage with representatives from the Rockefeller Foundation and Lazard International Advisory to explore new avenues for development support and investment in Malawi.
Sustained Support for Malawi’s Development
The meetings will conclude on Saturday, 18th October, with Hon. Mwanamvekha and his team meeting the East and Southern African Regional Vice President of the World Bank Group. The discussions will center on sustaining support for Malawi’s economic transformation programmes and enhancing regional development partnerships.
Through these engagements, the Government of Malawi aims to secure strategic partnerships, attract investment, and ensure continued support for national development initiatives, reaffirming its commitment to achieving economic stability and inclusive growth.
