{"id":39062,"date":"2023-01-20T22:14:55","date_gmt":"2023-01-20T22:14:55","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers"},"modified":"2023-01-20T22:14:55","modified_gmt":"2023-01-20T22:14:55","slug":"foreign-exchange-shortage-affects-drug-suppliers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers","title":{"rendered":"Foreign exchange shortage affects drug suppliers"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>The problem of forex shortage has forced some local drug suppliers to fail to meet their drug threshold at the Central Medical Stores Trust (CMST), a senior official has said.<\/p>\n<p>CMST Chief Executive Officer Chikaiko Chadzunda told the Public Accounts Committee (Pac) of Parliament yesterday that the suppliers were even failing to reach 50 percent of their thresholds.<\/p>\n<p>CMST imports about 40 percent of medical drugs it needs. Chadzunda, however, said, on its part, the Reserve Bank of Malawi has been providing forex. \u201cSometimes some suppliers are meeting challenges simply because they are claiming that, maybe at that particular [point in] time, they do not have forex,\u201d he said.<\/p>\n<p>He, however, assured the committee that the country has enough drugs. CMST officials also told committee members that procurement processes were talking long to conclude because they involve other offices and that, in some cases, it takes up to nine months, which sometimes affects the availability of drugs.<\/p>\n<p>Pac Chairperson Mark Botomani said it was worrying that some suppliers were failing to meet their thresholds due to forex challenges. \u201cThis is a very serious issue. I thought the government should have been prioritising the procurement of drugs,\u201d Botomani said. Meanwhile, CMST has said it has, so far, received K17.5 billion for recaptalisation from the government.<\/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. The problem of forex shortage has forced some local drug suppliers to fail to meet their drug threshold at the Central Medical Stores Trust (CMST), a senior official has said. CMST Chief Executive Officer Chikaiko Chadzunda told the Public Accounts Committee (Pac) of Parliament yesterday that the suppliers were even failing to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":39061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,3396,5719,234,1219],"class_list":["post-39062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-malawi","tag-central-medical-stores-trust","tag-foreign-exchange-shortage","tag-malawi","tag-reserve-bank-of-malawi"],"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>Foreign exchange shortage affects drug suppliers - Malawi<\/title>\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\/foreign-exchange-shortage-affects-drug-suppliers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign exchange shortage affects drug suppliers\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Malawi. The problem of forex shortage has forced some local drug suppliers to fail to meet their drug threshold at the Central Medical Stores Trust (CMST), a senior official has said. CMST Chief Executive Officer Chikaiko Chadzunda told the Public Accounts Committee (Pac) of Parliament yesterday that the suppliers were even failing to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers\" \/>\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=\"2023-01-20T22:14:55+00:00\" \/>\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=\"1 minute\" \/>\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\/foreign-exchange-shortage-affects-drug-suppliers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Foreign exchange shortage affects drug suppliers\",\"datePublished\":\"2023-01-20T22:14:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers\"},\"wordCount\":230,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/01\/postQueueImg_1674240323.77-63cbcd5371bd9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Central Medical Stores Trust\",\"Foreign exchange shortage\",\"Malawi\",\"Reserve Bank of Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/foreign-exchange-shortage-affects-drug-suppliers\",\"name\":\"Foreign exchange shortage affects drug suppliers - 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The problem of forex shortage has forced some local drug suppliers to fail to meet their drug threshold at the Central Medical Stores Trust (CMST), a senior official has said. 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