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ADDRESS
BY
HIS EXCELLENCY PROF. ARTHUR PETER
MUTHARIKA, PRESIDENT OF THE
REPUBLICOF MALAWI
AT
ECAMA 2015 ANNUAL CONFERENCE
MANGOCHI
12 NOVEMBER 2015
1
Transformation
2
and
Value
Chain
strained
by
enormous
pressure.
This
condition
is
things may seem to be falling apart when they are only falling
in their right place.
Either way, the good news is that the Kwacha has
started strengthening again. In September and October
2015, the Malawi Kwacha appreciated against all the major
currencies. These are all good signs.
Here are two points I am drawing from here;
Firstly, our economic reality is not as bad as its perception
wants us to believe. Yet, we are not economically in a
desirable situation. And let me use this moment to call upon
informed economists like you to portray economic realities
in a manner that inspires hope. A people who are made to
feel hopeless cannot move forward to drive an economy.
Self-doubt is always a reverse gear of progress.
Secondly, indeed we still have a fragile economy as
a result of a long history. We need to address this fragility
now and once for all. Our economy can hardly survive
major shocks .In the first quarter of this year, the economy
went through great shocks. Think of the devastating floods