Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Malawi in 'desperate need' of donor support

15 February 2015, 16:05

Blantyre - Malawian President Peter Mutharika pleaded Sunday with the World Bank to consider resuming aid to the poor southern African nation, saying it was in "desperate need of donor support".

Donors who provide about 40 percent of Malawi's budget, pulled the plug on aid of around $150 million (110 million euros) after a report by British auditors showed that at least $30 million had been swindled from the government over a six-month period in 2013.

"The country is facing numerous economic challenges and it is in desperate need of the donor support to fasten its social economic development," Mutharika said in a statement at the end of a two-day visit by top World Bank directors.

Mutharika, who came to power in May last year after defeating Joyce Banda in an election, said the decision to cut aid due to the scandal dubbed Cashgate in Malawi, had contributed to the country's economic hardship.

"We took leadership of this country nine months ago and for your information we inherited a number of problems... the government was almost bankrupt because most of our donor partners left after the Cashgate scandal," Mutharika told the World Bank officials.

Malawi's plight worsened in January when severe floods left more than 170 people dead and 200,000 homeless.

The president said his country, one of the world's poorest, "needed support from donors to continue with the goal of an improved economy."

He assured the officials that his administration was reforming the management of public finances "to avoid a repetition of the Cashgate".

"We have seen the economic consequences of the Cashgate and I promise that nothing of that nature will ever happen in this country," he said.

Alinter Smith, the leader of the top-level delegation which met Mutharika in Lilongwe, told state television the Bank's support would only resume if changes were made to the way public finances were handled.

"We have made it clear that the bank is ready to support only upon implementation of the financial management systems," Smith said.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
George Vodongo
Al Shabaab attack Mandera hotel, ...

A total of 33 non-locals were in the hotel when the assault was launched.  Read more...

Submitted by
Shakila Alivitsa
4 ways to handle your cheating ma...

He is cheating. How do you handle him?

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?

Submitted by
Eugene Odanga
Wizkid set for twin Kenyan shows

Wizkid is back in Kenya. For two shows.

Submitted by
Eugene Odanga
Udada women's festival begins in ...

The Udada women's festival has arrived in Nairobi.

Submitted by
Uhuru pardons 2747 death row conv...

President Uhuru Kenyatta has pardoned a number of death row convicts, sending them to life sentences instead. Read more...