After the war-torn C.A.R, Malawi is the second worst economy

Date:

The Economic Recovery Plan has failed, Zimbabwe is better than us, Somalia is even something we should look at with admiration, even the new-born South Sudan has got a lesson or two to teach us when it comes to economy — thus says the International Monetary Fund (IMF).

According to a report the IMF has released for the year 2013, Malawi is the second worst economy in the whole world soon after the war-ravaged Central African Republic whose images when they fleet across the television, one can take in with as little a liking as possible, if any.

The report has disclosed that up to date, the majority of Malawians live on less than one dollar per day and still face a challenge of food security.

The report comes on the backdrop of Malawians facing a food crisis that has seen five reportedly dying in Dedza district from starvation.

Malawians continue to reel under the weight of the ERP which saw the devaluation of the local currency by a heavy 49% before it started to move into other levels of the same devaluation denotation.

(Visited 18 times, 1 visits today)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Remains Of Zambian Student who Died In China To Arrive Today

The remains of Zambian student Sampa Mwenya who passed...

Slay Queen With Small Nyἅsh Gets Men Talking On Social Media (Watch Video)

A Tik Tok user extensively danced with Shatta Wale’s...

STOLEN BABY PRESENTED BEFORE MAGISTRATE FOR CHILD THEFT CASE HEARING

THE baby that was reportedly stolen in May this...

Video|| Lady Strip Boyfriend Nak3d After Seeing Him Cheating With New Girl

Lady Strip Boyfriend Nak3d After Seeing Him Cheating With...