Malawi, Germany Sign K8 Billion Pact

Malawi and Germany governments have signed a grant worth K8 billion which will benefit 300,000 people through the Social Cash Transfer Programme.

In an interview in Lilongwe after signing the agreement, German Ambassador to Malawi, Ralph Timmermann, said his government through KfW is committed to supporting Malawi in its quest to alleviate poverty in the country.

“We are happy to support the sixth phase of the Social Cash Transfer Programme to help Malawi reduce poverty. We expect that the K8 billion must be used to reach the intended beneficiaries hence we will work together to achieve this,” Timmermann said.

Minister of Finance, Sosten Gwengwe, said the two governments are working together in improving the lives of those living in extreme poverty hence hailing the cooperation between Malawi and Germany.

“We are using electronic payments to pay Social Cash Transfer Programme beneficiaries and this is helping to check spillages and curb any linkages to corruption. Our financial systems have also undergone reforms to deal with financial fraud,” Gwengwe said.

Cumulatively, the German Government through KfW has disbursed over K100 billion for Social Cash Transfer Programmes between 2012 and 2021.

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