President Lazarus Chakwera said Malawi’s decision to reject the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) aimed at shifting towards economic self-reliance,
Chakwera was speaking on Thursday, May 22, 2025 during the opening of the 35th Malawi International Trade Fair in Blantyre.
The President emphasized that the stringent conditions attached to the IMF loan would have imposed undue hardship on Malawians, particularly the business community.
“We cannot accept financial assistance that comes with conditions detrimental to our citizens and enterprises,” Chakwera stated, highlighting the government’s commitment to fostering a conducive environment for local businesses.
He underscored the importance of supporting entrepreneurs and small enterprises as the backbone of the nation’s economy.
The President’s remarks come in the wake of the IMF’s termination of Malawi’s $175 million loan program after only $35 million was disbursed over 18 months, citing the country’s failure to meet the program’s requirements.
Chakwera criticized the IMF’s conditions, which included reducing subsidies and increasing utility costs, arguing that such measures would stifle local businesses and burden ordinary Malawians.
At the trade fair in Blantyre on Thursday, President Chakwera also announced initiatives aimed at bolstering the local economy, including plans to provide over 1 trillion Malawian Kwacha in financial support to youth and women entrepreneurs over the next five years.
He highlighted the government’s efforts to streamline business processes, such as digitizing export permits and establishing one-stop border posts to facilitate trade.
Furthermore, the President addressed the upcoming September elections, urging political parties to maintain peace and avoid violence.
“Violence will not secure victory; the winner is already us,” he said, emphasizing the need for a stable environment to ensure economic growth and investor confidence.
Chakwera’s stance marks a significant pivot in Malawi’s economic policy, prioritizing domestic empowerment over external financial dependencies.
By rejecting the IMF’s conditions and focusing on local enterprise development, the President aims to chart a new course towards sustainable economic growth and self-sufficiency.
These corrupt African leaders only have sense when they are in opposition or during election season to dupe citizens to re-elect them. Africans are no longer gullible. They can not fall for these tricks. They all want an Ibrahim Traore.
God bless Why Me and Captain Ibrahim Traore.
VOTE FOR CHANGE IN 2026.
This man is delusional. When you reset because you have made past mistakes or walking along a wrong path. Hardship will happen.
We sold maize reserves; we had a draught, certain hardships were experienced by Zambians. If the state lied and placated us will all manner of subsidy to ease the struggle. We would never be where we are. Another hole would have been dug to fill the issue that we created.
This has been the routine we have sought to solve problems. And it doesnt work, it has not worked.
MAZ set the recors straight, no politics have been used to reduce the price of mealie meal. The market forces seem to have done what government put in place.
That is how the real world works. How we want to reinvent the wheel and sign loan agreements and then abandon any hint of hardship that maybe fall us ( like hardship is oblivious to us as Africans) and the abandon agreements. Malawi’s economy is a mess and has been for a whole. Making unsustainable decisions and hoping that hand out will continue forever…
What we saw earlier this week, is what we are subject to what we go begging with a bowl, be it the West (as we saw Ramaphosa subjected to lies for Mask to get the BEE condition removed) to the East, the loans that had Zambia, Ghana and Kenya overleverage themselves while signing off their national assets as collateral.
The Malawian President lies to his citizens. He wants their vote to extend his stay in power with nothing of substance to offer.
Something that we see in our opposition.
Malawian and Zambian president are in the same WhatsApp group. No difference at all. Kompo kompo.
Reject tribalism, corruption and oppression.
God bless Why Me and Captain Ibrahim Traore.
VOTE FOR CHANGE IN 2026.
Some people are so stupid that they dont know how distinguish sense and garbage. Basic reading is a challenge and in trying to sound smart. Prove what fools they are.
You see, Indigo being a Smart Alec you want to show that you know when you dont. Pose questions that dogma. You will learn. Read widely. Facts are consistent. Show the source of your factual statements.
HH and Chikwera are day and night( for your own information) both in practice and training.
If you said, Kabala and Chikwera are the same. We would understand. And from a philosophical point of you their outlook to life is aligned.
Read the article again and ask yourself if HH and the current government have cancelled any loan agreement that they signed to? No they why would you say they are the same? Sometimes ask yourself why you want to show how stupid you are when you make empty silly statements? Indigo if you have nothing better to do, go and play with your infantile friends. Let the adults discuss serious issues.
You are just a stupid person that thinks coming here and making absurd unfound statements is being smart when you exhibit what an idiot you. Fuma apa we shilu we. We ntendeka first you want to suggest that Bishop Musupa is SDA when not. He is the person who uttered what I referred. Read and learn before you make noise. You personal prejudices will land you in the same trouble that got Zulu in prison.
Base your statements on verifiable fact not your foolish innuendo.
Bosses, you can still respond to my perception without insulting me.
Insults do not win arguments. I am allowed to present my opinion, which is that the Malawian and Zambian presidents are kompo kompo. Both are useless failures. If you disagree, good for you, give yourself a pat on the back. That would be your opinion.
You can not force people to praise your leader, especially since he is a serial liar and impotent failure. My submissions do not breach any draconian cyber laws that your dictator leader has introduced. Calm yourself down Bosses. Happy Saturday.
Reject tribalism, corruption and oppression.
God bless Why Me and Captain Ibrahim Traore.
VOTE FOR CHANGE IN 2026.
Quote ….
“ The Problem Mr Hichilema has is he wants to Lie, to cheat, to show who he is not, his idea of politics is that it doesn’t matter, you can lie , cheat provided you get your goal” end of quote.
– Levy Mwanawasa, the best president Zambia has ever had.
Reject tribalism, corruption and oppression.
God bless Why Me and Captain Ibrahim Traore.
VOTE FOR CHANGE IN 2026.
Then why are you replying to my comment? Why are you in my space?
And for your information calling stupid and an indiot is stating your frame of mind. Check the english dictionary. If you even know what that is.
Learn to learn, you come here and pretend you know. Can you even prove what you pretend to know? Indigo you are accustomed to taking a discourse along these lines and refuse to be responisible. You cant sustaniate facts nor do you believe in them.
So why just on my thread? You had your own. Who responded to it? Clown…grow up you fool. There is what is netiquette. Educate yourself, if that is even possible.
Then why are you replying to my comment? Why are you in my space?
And for your information calling stupid and an indiot is stating your frame of mind. Check the english dictionary. If you even know what that is.
Learn to learn, you come here and pretend you know. Can you even prove what you pretend to know? Indigo you are accustomed to taking a discourse along these lines and refuse to be responisible. You cant sustaniate facts nor do you believe in them.
So why just on my thread? You had your own. Who responded to it? Clown…grow up you fool. There is what is netiquette. Educate yourself, if that is even possible.
Looking at the rapid population growth, can your national economy grow, with subsidies,? Study the economical transformation histories of countries like Japan, China, Malaysia, Korea., you will realize that the leaders schooled and encouraged the citizens to work hard and be innovative, to attain self reliance and capacity to contribute to national economy and development.