By Suleman Chitera,
The World Bank has reaffirmed its strong commitment to supporting Malawi’s economic recovery and food security, following high-level discussions between Minister of Finance Joseph Mwanamvekha and World Bank Country Director Firas Raad on the sidelines of the IMF and World Bank Annual Meetings in Washington, D.C.
The talks focused on key national priorities including food security, fertiliser supply, fuel availability, foreign exchange management, and access to essential medicines—areas critical to stabilising Malawi’s economy and improving citizens’ livelihoods.
During the meeting, the two sides reviewed progress on several World Bank–funded projects, notably the Mpatamanga Hydropower Project and the Agricultural Commercialisation (AGCOM) Project, both of which are pivotal in driving sustainable growth and improving energy and agricultural productivity.
Minister Mwanamvekha expressed appreciation for the World Bank’s continued partnership, describing it as “a cornerstone of Malawi’s development agenda.” He appealed for urgent food assistance and additional support to address fertiliser shortages and foreign exchange constraints, which are threatening national food security and economic stability.
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“Timely support from our development partners will help sustain macroeconomic stability, enhance agricultural production, and protect vulnerable households,” Mwanamvekha said.
In response, Firas Raad commended Malawi’s ongoing economic reforms and government efforts to restore fiscal discipline. However, he underscored the need for stronger debt management, reduced fiscal deficits, and prudent financial governance to strengthen investor confidence and build long-term economic resilience.
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“Malawi’s reform agenda is on the right path. Continued commitment to fiscal consolidation will attract more investment and sustain inclusive growth,” Raad said.
The World Bank pledged to continue working closely with the Malawi government to bolster key sectors, especially agriculture and energy, while supporting initiatives aimed at mitigating the effects of global economic shocks and climate challenges.
With the agricultural season approaching, the government is banking on timely intervention from the World Bank and other partners to stabilise fertiliser supply chains, improve forex availability, and ensure adequate food supplies for millions of Malawians.
