Inflation: Malawi’s president suspends foreign travel for himself and cabinet members

In a desperate move to save money and heal the country, Malawi’s President Lazarus Chakwera has suspended all international travel for himself and his cabinet members.

Speaking in a nationwide address on Wednesday night, November 15, the president said the suspension is with immediate effect.

He also directed all ministers who are currently outside the country to return home and said the suspension will be in place until March next year.

“Any travel deemed absolutely necessary by anyone during that period must be submitted to my office for my personal authorisation,” Chakwera said.

Additionally, the president unveiled a range of austerity measures, including cutting by 50 percent fuel entitlements for cabinet ministers and senior government officials.

The measure follows a huge devaluation of the currency as Malawi secures a loan from the International Monetary Fund (IMF) to boost its ailing economy.

Malawi’s economy has been undergoing turbulent times, characterised by an acute shortage of petrol and diesel, as well as high inflation, BBC reports.

As part of moves to ease the cost-of-living cri§is, the president has asked the finance minister to make provisions for a reasonable wage increase for all civil servants in the next budget review.

He has also ordered a lowering of income tax on individuals in the upcoming budget, to help workers whose incomes have lost value.

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