RBM says Malawi should brace for tough economic times

Date:

There is a gloomy sky ahead of us, that is the message that Reserve Bank of Malawi governor, Charles Chuka, has put across.

Chuka has said that Malawians should brace themselves for a tough ride ahead economically in view of the Capital hill looting and the subsequent freezing of aid by Malawi’s donor partners.

Chuka’s statement echoes the remarks made by the Minister of Finance who advised Malawians to tighten their seat belts for a bumpy ride ahead economically and further disclosed that in view of such the government was suspending both internal and external travels of public officials including that of the President.

However, the minister’s words were spewed on by the very President who had to lead in practicing the austerity measures.

The governor said that so far Malawi has seen an increase in the inflation levels and things will be deteriorating from bad to worse in the next months.

Subscribe to our Youtube Channel:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Beautiful Lady With Enviable Figure Flaunts Her Body In It Full Glory After Hitting The Gym

A bеautiful woman with an еnviablе figurе rеcеntly displayеd...

Lilongwe Police recover construction materials, impound vehicle, suspects on the run

Police in the Capital City have on Thursday night,...

Bushiri’s Goshen City unveils MK60 million sponsorship to women football

Goshen City Trust has on Friday announced a K60...

Inadequate SNE Teachers Affects Learners With Albinism – APAM

The Association of Persons with Albinism in Malawi-Malawi -...