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Malawi, Least Developed Countries adopt action programme

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CHAKWERA—The programme gives hope for
development and graduation

Malawi and other Least Developed Countries (LCDs) have adopted a programme of action to enable them to, in the next 10 years, move out of the poverty trap.

The programme was adopted in the United States (US) during the fifth United Nations (UN) Conference on LDCs that President Lazarus Chakwera attended.

Chakwera arrived back home through Kamuzu International Airport on Monday, when he said there was hope for LDCs.

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“The programme has been accepted in a way that gives hope for such development and graduation,” Chakwera said.

While in the US, the President had a meeting with the International Monetary Fund (IMF) Director General Kristalina Georgieva and officials of other multilateral organisations.

Chakwera and Georgieva discussed the macroeconomic situation in Malawi including how soon the organisation could revive and reconfigure its credit programme in Malawi.

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“I think they are satisfied with the commitment we are demonstrating towards resolving issues that have prevented us from having a programme with them,” Chakwera said at the airport.

He added that the IMF was keen to see Malawi improve its economic status and expressed satisfaction that Malawi was committed to the cause.

At the conference, Chakwera spoke on behalf of 46 members who are in this category.

He focused on reminding the United Nations to take a special interest in addressing needs of LDCs through concrete plans, investments and action.

LDCs are low-income countries that face structural impediments to sustainable development.

Chakwera left for the US on March 14 and returned home Monday after a six-day tour of official duty.

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