Malawi: President Chakwera Bans Himself And Cabinet Members From Foreign Travel

Malawi’s President Lazarus Chakwera has unveiled a series of stringent measures aimed at revitalising the nation’s struggling economy, including the immediate suspension of all foreign travel for government officials, himself included.

In a televised address, President Chakwera announced the suspension of international trips as a crucial step toward economic recovery, urging all ministers currently abroad to return home promptly. This suspension, effective until March next year, is part of a broader austerity initiative to address Malawi’s economic challenges.

“To ensure stringent fiscal discipline, any essential travel during this period must receive my personal authorisation,” emphasised President Chakwera during the address.

The President underscored his commitment to lead by example, cancelling his attendance at the COP28 climate change conference in Dubai later this month and curbing his own international travel plans.

Additionally, Chakwera outlined several austerity measures, including a 50% reduction in fuel entitlements for cabinet ministers and senior government officials. These measures aim to curtail government spending amid the economic crisis plaguing the nation.

Recognising the hardships faced by Malawi’s citizens, President Chakwera directed the finance minister to allocate funds for reasonable wage increases for all civil servants in the upcoming budget review. Furthermore, he instructed a reduction in income tax for individuals, aiming to alleviate the burden on workers grappling with reduced incomes due to economic challenges.

Malawi’s economy has been severely affected by fuel shortages, escalating food prices, and foreign exchange constraints. Last week, the country’s central bank announced a substantial devaluation of the local currency against the US dollar, reflecting the pressing need for comprehensive economic interventions.

President Chakwera’s proactive measures come in the wake of Malawi securing a significant loan from the International Monetary Fund (IMF) to address the economic downturn. The IMF’s approval of a four-year credit facility underscores the urgency of stabilising Malawi’s economy and mitigating the impact of external factors, such as natural disasters and global conflicts.

As Malawi navigates through these economic challenges, President Chakwera’s decisive actions aim to instil fiscal responsibility, pave the way for recovery, and alleviate the financial burdens faced by citizens.