{"id":22079,"date":"2022-05-05T17:26:08","date_gmt":"2022-05-05T17:26:08","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds"},"modified":"2022-05-05T18:06:08","modified_gmt":"2022-05-05T18:06:08","slug":"banks-urged-to-offer-municipal-bonds","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds","title":{"rendered":"Banks urged to offer municipal bonds"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Minister of Local Government Blessings Chinsinga has asked commercial banks to consider providing municipal bonds that would facilitate accelerated infrastructure development in councils.<\/p>\n<p>Chinsinga said councils are currently failing to undertake capital projects such as building schools, health facilities and improving roads due to lack of financial resources, hence the need for the intervention of the banking sector.<\/p>\n<p>He minister made the remarks in Lilongwe last week during a networking dinner Standard Bank organised for chief executive officers (CEOs) and district commissioners (DCs).<\/p>\n<p>\u201cLocal governments require extra sources of funding to meet growing demands for urbanisation, respond to environmental and natural resource crises and implementation of projects. There are many ways through which banks could help meet such short and medium term demands for funding.<\/p>\n<p>\u201cIn other countries, banks support the issuance of municipal bonds or invest directly in infrastructure which is then leased to local governments and do collect revenue directly. It is my hope that Standard Bank can consider these funding modalities,\u201d Chinsinga said.<\/p>\n<p>He then hailed Standard Bank for investing in digital capabilities and acquisition of omnipresent transactional platforms such as Unayo to respond to customer needs.<\/p>\n<p>Standard Bank Chief Executive Officer Phillip Madinga said the bank is committed to playing its role in finding common solutions to the country\u2019s socio-economic problems.<\/p>\n<p>Madinga said the bank was keen to strengthen its relationship with the government, its various departments, and organs as part of the strategy to promote and make private and public partnership work for the benefit of the people.<\/p>\n<p>\u201cStandard Bank has had a strong relationship with key the DCs, which has unfortunately been eroded over time due to unreconciled queries, shifting dynamics in the payments and banking landscape and generally low engagement levels between the bank and DCs across the country,\u201d he said<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Minister of Local Government Blessings Chinsinga has asked commercial banks to consider providing municipal bonds that would facilitate accelerated infrastructure development in councils. Chinsinga said councils are currently failing to undertake capital projects such as building schools, health facilities and improving roads due to lack of financial resources, hence the need for [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":22078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,371,234,349,350],"class_list":["post-22079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi","tag-phillip-madinga","tag-standard-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banks urged to offer municipal bonds - Malawi<\/title>\n<meta name=\"description\" content=\"Minister of Local Government Blessings Chinsinga has asked commercial banks to consider providing municipal bonds that w ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks urged to offer municipal bonds\" \/>\n<meta property=\"og:description\" content=\"Minister of Local Government Blessings Chinsinga has asked commercial banks to consider providing municipal bonds that w ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-05T17:26:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-05T18:06:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/05\/img-627411d08f0aa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"783\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks urged to offer municipal bonds\",\"datePublished\":\"2022-05-05T17:26:08+00:00\",\"dateModified\":\"2022-05-05T18:06:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/05\/img-627411d08f0aa.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\",\"Phillip Madinga\",\"Standard Bank\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/banks-urged-to-offer-municipal-bonds\",\"name\":\"Banks urged to offer municipal bonds - 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