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Germany, Malawi sign K21 billion pact

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The governments of Germany and Malawi yesterday signed a €23 million (about K21 billion) financial cooperation agreement which seeks to assist Malawi in the areas of health, social protection and economic and environmental development.

Minister of Finance and Economic Affairs Sosten Gwengwe signed the agreement on behalf of the Malawi Government while Germany Ambassador to Malawi Ralph Timmermann signed on behalf of the European nation.

Timmermann said the agreement affirms the commitment that was made during bilateral negotiations on development cooperation between Malawi and Germany on July 8 2021.

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“Reaffirming our financial cooperation as a long standing partner of Malawi, Germany emphasizes its commitment to support the Malawian Government in implementing its ambitious reform agenda,” Timmermann said.

Gwengwe said the support would go towards four critical programmes.

According to Gwengwe, the first programme is the More Income and Employment in Rural Areas, popularly known as Miera, where Germany has committed Euro 6 million (approximately K5.6 billion).

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“This programme has a triple focus of enhancing value chains in agriculture, rural employment and agricultural productivity for smallholder farmers, with a special focus on the youth and women,” Gwengwe said.

He observed that the second and third programmes have a special focus on the Primary Healthcare System, popularly known as the fourth Health Sector Joint Fund for Malawi, and the third programme for reproductive health, each with a Euro 4 million (approximately, K3.7 billion) commitment.

“The fourth and last programme is valued at Euro 9 million (approximately K8.3 billion) and aims at supporting Social Protection and Social Cash Transfers, popularly known as Mtukula Pakhomo.

“This programme, since its launch some 12 years ago, has grown in terms of popularity and influence on the quality People’s lives. This programme provides income to the vulnerable and labour constrained households whom without this programme would have been condemned to intergenerational poverty,” Gwengwe said.

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