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Cost of doing business in Malawi till high says IMF

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THE July 2017 Economic Development Document (EDD) authored by the International Monetary Fund (IMF) shows that the cost of doing business in Malawi is still high, largely due to high transport costs and poor ICT infrastructure.

The IMF document— which was done upon consultations with various stakeholders and development partners— says it is only upon development of the road network and other transport facilities that Malawi will become a cheap destination for business, making her competitive and attractive to investors.

It has since suggested to Capital Hill that a key policy area that will help in realising the aspirations of Malawians is the national transport policy, whose goal is to ensure the development of a coordinated and efficient transport infrastructure.

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IMF says implementation of the policy will lead to reduced travel time and transport costs for persons and goods, enhanced access to inputs, improved access to local and international product markets.

“The feeder roads are crucial if the provision of social services, including schools, health facilities and markets, is to improve. In addition, the Nacala railway, which was instrumental in moving humanitarian relief supplies when the country was hit by calamities, will ease the movement of goods and people,” IMF says.

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