Malawi President-Elect Targets Economic Revival, New IMF Program

Malawi's president-elect, Lazarus Chakwera, has vowed to focus on reviving the country's struggling economy. He plans to urgently negotiate a new financing program with the International Monetary Fund (IMF) to support this effort. The economic challenges in Malawi have been exacerbated by the COVID-19 pandemic, and Chakwera has acknowledged the need for significant reforms to address the situation. He has pledged to work closely with the IMF to secure a new program that can provide much-needed financial assistance and policy guidance. Chakwera's victory in the recent election comes after a long-running political crisis, and his administration will face the daunting task of addressing Malawi's economic woes, including high unemployment, inflation, and debt levels. The president-elect has expressed a commitment to implementing policies that will spur growth, create jobs, and improve the overall living standards of the Malawian people.