LILONGWE-(MaraviPost)-The World Bank has lauded President Lazarus Chakwera’s administration for it’s prudence within the utilization of sources that the nation will get from the establishment.
World Bank Country Director Nathan Belete made the remarks on Friday at Kamuzu Palace in Lilongwe, throughout an interface with President Chakwera.
In his remarks, the nation director defined that in contrast to different nations, “The World Bank does not have have any fiducial issues with Malawi.”
“The cash is spent effectively, it’s reaching outcomes at sooner charges than we have now in different nations.
“Obviously we have other projects that give us a little grey hair than others but you should know that we have a strong portfolio and that your government is implementing these projects well,” he mentioned.
Belete additionally hailed President Chakwera for championing the International Development Association (IDA) – a World Bank fund that gives grants and low-interest loans to the world’s poorest nations.
“The video you made has been seen extensively throughout the globe. Your private dedication to do this and the dedication of your staff to make it occur. We actually thanks for that as a result of it has been tramendously useful.
“I am sure you know that we were able to raise US$100 billion in December for IDA 21which was in the world of today, a huge achievement,” he mentioned.
In his remarks, the Malawi chief expressed gratitude to the World Bank for all the time being a powerful companion to Malawi.
He thanked the World Bank for it’s continued help to Malawi particularly within the areas of agriculture, power, and social safety.
“These are the critical areas where Malawi is struggling alot. The World Bank has been there for us. Your support has helped us to support the vulnerable. You are a friend for all seasons,” he mentioned.
President Chakwera additionally assured the financial institution that his administration is working tirelessly to convey again the nation’s economic system on its ft.
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