ECONOMISTS WARN AGAINST POLICY REVERSALS

The Economics Association of Malawi (ECAMA) has warned President Professor Author Peter  Mutharika administration against unnecessary policy reversals.

This comes at a time when some are not certain on whether the new DPP administration will not wish to return to its old ways of doing things such as the fixed exchange rate and imposing subsidies in prices of pertinent goods and services -that were replaced by free floatation and market determined pricing.

The Economic think tanks were the darling to PP administration, such that they actively participated in formulating major economic policies and reforms.

Speaking in an interview with our reporter, ECAMA’s Executive Director Nelson Mkandawire who is still hopeful the new government will consider his association useful, thinks it is not necessary to change all policies that were formulated by Peter’s predecessor.

“Changing government does not mean changing policies.

“It is our advice and it will remain our stand that this administration should not change the current policies and reforms without thorough researches.

“If we will rush in changing everything we may end up doing something that will not help the lives of Malawians in long term.” Mkandawire said.

However, Mkandawire said ECAMA is open and willing to be involved in the new government’s economic agenda.

He has since assumed that their fellow economist who happens to be the country’s Vice President Saulos Chilima will coordinate with them accordingly especially in public service reform.

ECAMA has also been saying that the unproductive of the public service is the starting point of the country’s failing economy.

Meanwhile, President Peter Mutharika has said will leave the duty of public service reform to the office of Vice President.