{"id":55717,"date":"2024-01-01T22:24:11","date_gmt":"2024-01-01T22:24:11","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address"},"modified":"2024-01-01T22:37:24","modified_gmt":"2024-01-01T22:37:24","slug":"it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address","title":{"rendered":"\u201cIt was IMF\u2019 ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>While from the myopic look of things President Lazarus Chakwera\u2019s last night national address carried some sense, commentators feel it was one of the useless and untimely \u201cbragging shows\u201d that ought not to be tolerated in the twenty-first century.<\/p>\n

People are confusing the current approved US$174 Extended Credit Facility (ECF) by the International Monetary Fund (IMF) with the 2006 scenario whereby Malawi had her debts canceled.<\/p>\n

Commenting on last night\u2019s address which was delayed for an hour after Chakwera heard of the ECF approval and returned his prepared speech to include the news from the Britton Woods Foundation, Centre for Democracy and Economic Development Initiatives (CDEDI) says it was a bragging show whereby Chakwera stoop so low to brag about the IMF\u2019s Extended Credit Facility (ECF).<\/p>\n

CDEDI Executive Director Sylvester Namiwa has since called on Malawians not to celebrate and instead get worried more especially because no country in the world ever developed using aid.<\/p>\n

\u201cSad that in this day and age, our leader would like us to join him in celebrating loans and aid. He is not aware that Simply put what we call aid is someone\u2019s hard-earned money in the form of tax. A serious leader would not maintain the larger-than-life cabinet while shamelessly going around with a begging bowl to donors to feed his people,\u201d says Namiwa.<\/p>\n

The CDEDI Executive Director says what Chakwera has done is technically to validate the assertion that he prescribes bitter pills to everyone save for himself and his cronies.<\/p>\n

\u201cFrom his address, it is clear that he would like to maintain the bloated cabinet, crowd of advisors, and his huge salary. He said nothing on what will benefit Malawians from the previous 25 percent devaluation and he heartlessly justified the evil 44 percent meltdown without thinking of the majority poor that have been pushed into poverty overnight,\u201d he said.<\/p>\n

CDEDI maintains its stand that Chakwera is a threat to the survival of the very people whom he was supposed to protect in the first place. \u201cSadly, his address was the usual rhetoric coupled with blame game typical of a failure,\u201d noted Namiwa.<\/p>\n

In a related development, Human Rights Defenders Coalition (HRDC) has said what Chakwera said in his speech inspires hope but asked him to move away from empty rhetorics and implement what he said by walking the talk.<\/p>\n

Giving the impression that he is siding with the locals, President Chakwera assured the nation that no one, including himself, will be spared from the pain that Malawians are going through. He has since announced a suspension of all his international trips up to March next year, citing the next COP 28 in Dubai as an example.<\/p>\n

Apart from slashing fuel provisions by half, Chakwera has also suspended all international travels for all cabinet ministers, and senior government officials, as those in statutory corporations.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. While from the myopic look of things President Lazarus Chakwera\u2019s last night national address carried some sense, commentators feel it was one of the useless and untimely \u201cbragging shows\u201d that ought not to be tolerated in the twenty-first century. People are confusing the current approved US$174 Extended Credit Facility (ECF) by the […]<\/p>\n","protected":false},"author":84,"featured_media":55716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,234],"class_list":["post-55717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\n\u201cIt was IMF\u2019 ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address - Malawi<\/title>\n<meta name=\"description\" content=\"While from the myopic look of things President Lazarus Chakwera\u2019s last night national address carried some sense, commen ...\" \/>\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\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cIt was IMF\u2019 ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address\" \/>\n<meta property=\"og:description\" content=\"While from the myopic look of things President Lazarus Chakwera\u2019s last night national address carried some sense, commen ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\" \/>\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=\"2024-01-01T22:24:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-01T22:37:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704135968.192075.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u201cIt was IMF\u2019 ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address\",\"datePublished\":\"2024-01-01T22:24:11+00:00\",\"dateModified\":\"2024-01-01T22:37:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\"},\"wordCount\":500,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704135968.192075.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/it-was-imf-ecf-bragging-show-nothing-for-the-majority-poor-cdedi-chides-chakwera-address\",\"name\":\"\u201cIt was IMF\u2019 ECF bragging show, nothing for the majority poor!- CDEDI chides Chakwera address - 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