Nankhumwa warns Malawi economic recovery at risk as debt, forex and budget strains mount
Opposition politician Kondwani Nankhumwa warns that the economic recovery in Malawi is in danger. He attributes this risk to rising debt, shortages of foreign exchange, and poor management of the budget. As president of the People’s Development Party, Nankhumwa criticized the postponement of the Mid-Year Budget Review in Parliament. He stated that this delay prevents lawmakers and citizens from examining government spending. This scrutiny is necessary during a time of economic instability.
Opposition politician Kondwani Nankhumwa has warned that Malawi’s fragile economic recovery is in danger, blaming soaring debt, forex shortages and poor budget management. Nankhumwa, president of the People’s Development Party (PDP), said the postponement of Parliament’s Mid-Year Budget Review had robbed citizens and lawmakers of the chance to scrutinise spending when they need it most. […] The post Nankhumwa warns Malawi economic recovery at risk as debt, forex and budget strains mount appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .