{"id":77504,"date":"2026-04-25T20:23:05","date_gmt":"2026-04-25T20:23:05","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts"},"modified":"2026-04-25T20:32:52","modified_gmt":"2026-04-25T20:32:52","slug":"experts-praise-mwanamveka-for-economic-recovery-efforts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts","title":{"rendered":"Experts Praise Mwanamveka for Economic Recovery Efforts"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Governance and economic experts have commended Minister of Finance Joseph Mwanamveka for his role in steering Malawi\u2019s economy towards recovery within six months of returning to office.<\/b><\/p>\n

In just six months, Mwanamveka has moved from crisis management to laying a measurable foundation for recovery, with economists and governance experts crediting his \u201ccalm, calculated\u201d approach for pulling Malawi\u2019s economy back from the brink.<\/p>\n

Returning to office amid severe macroeconomic strain, Mwanamveka inherited an economy choked by forex shortages, fuel debt, and runaway public spending. Six months later, key indicators are shifting.<\/p>\n

Mwanamveka has overseen the formulation of a K11 trillion national budget for 2026 anchored on stabilisation and growth. Under his guidance, the economy \u2014 which is projected to have grown by about 2.7% in 2025 \u2014 is expected to improve to around 3.8% in 2026.<\/p>\n

The recovery is being driven by targeted investments in four productive sectors: agriculture, mining, tourism, and manufacturing.<\/p>\n

Economist Mavuto Bamusi says the difference is leadership that \u201cdiagnoses before it prescribes.\u201d<\/p>\n

\u201cWhat we are seeing in six months is not rhetoric. It is sequencing,\u201d Bamusi said. \u201cHe has prioritized forex inflows first by re-engaging international financial institutions. You cannot talk about industrial productivity when you can\u2019t import raw materials. He understood that easing the forex crunch was step one, and he\u2019s delivering on it.\u201d<\/p>\n

Mwanamveka\u2019s engagements with multilateral lenders have been aimed at unlocking critical foreign exchange, a move Bamusi says is already easing pressure on imports and industrial output.<\/p>\n

On public finance, Mwanamveka has taken what experts call \u201cfirm, unpopular but necessary\u201d steps to restore discipline.<\/p>\n

He has ordered a purge of ghost workers from the public payroll, launched recovery of over K250 billion in outstanding public loans, and enforced transparency in politically sensitive funds including the Constituency Development Fund (CDF).<\/p>\n

Governance expert Undule Mwakasungula says these moves signal a break from past fiscal recklessness.<\/p>\n

\u201cFor years, the problem has been leakage. Money budgeted never reached the people,\u201d Mwakasungula said. \u201cMwanamveka is closing those taps. Eliminating ghost workers and chasing K250 billion in loans is not easy politically. But it shows commitment to prudent use of public resources. That\u2019s what Malawians have been demanding.\u201d<\/p>\n

Mwanamveka is also tackling structural debt head-on, including managing a K1.2 trillion fuel-related debt burden that had threatened to cripple energy supply chains.<\/p>\n

Crucially, Mwanamveka has resisted calls for abrupt currency devaluation, opting instead for long-term stability.<\/p>\n

Bamusi argues this is the mark of \u201ccalm leadership\u201d in a volatile environment.<\/p>\n

\u201cDevaluation is the easy button. It gives you forex on paper but destroys households overnight,\u201d he said. \u201cWhat Mwanamveka is doing is harder: rebuild reserves, manage debt, restore production. It\u2019s slower, but it\u2019s sustainable. In six months, to have inflation expectations starting to cool and growth projections revised upwards \u2014 that is measurable.\u201d<\/p>\n

Both experts agree the measures are being rolled out in a tough climate. Inflation remains high and debt is heavy. Yet the direction, they say, is unmistakable.<\/p>\n

\u201cWhat more should Malawians expect in a minister in six months?\u201d Mwakasungula posed. \u201cYou have a K11 trillion pro-growth budget, ghost workers being flushed out, K250 billion in loans being recovered, CDF transparency enforced, fuel debt being managed, and forex negotiations yielding results. That is a full plate.\u201d<\/p>\n

He added: \u201cThese are deliberate and calculated efforts to rebuild Malawi\u2019s economic resilience. He is not chasing headlines. He is laying a foundation.\u201d<\/p>\n

Bamusi said the next six months will be about converting stability into household relief.<\/p>\n

\u201cThe first six months were about stopping the bleeding. The next six are about recovery reaching the market, the pump, the pay slip,\u201d he said. \u201cBut you cannot recover without stabilising first. That\u2019s what Mwanamveka has done.\u201d<\/p>\n

In half a year, Mwanamveka has shifted the narrative from crisis to control: growth projected up from 2.7% to 3.8%, fiscal leaks being sealed, forex inflows being negotiated, and structural debts being managed without shock devaluation.<\/p>\n

For Mwakasungula, the scorecard is clear: \u201cCalm leadership with measurable results. That\u2019s what Malawi needed, and that\u2019s what it\u2019s getting.\u201d<\/p>\n

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

Africa-Press – Malawi. Governance and economic experts have commended Minister of Finance Joseph Mwanamveka for his role in steering Malawi\u2019s economy towards recovery within six months of returning to office. In just six months, Mwanamveka has moved from crisis management to laying a measurable foundation for recovery, with economists and governance experts crediting his \u201ccalm, […]<\/p>\n","protected":false},"author":84,"featured_media":77503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234],"class_list":["post-77504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-malawi"],"yoast_head":"\nExperts Praise Mwanamveka for Economic Recovery Efforts - Malawi<\/title>\n<meta name=\"description\" content=\"Governance and economic experts have commended Minister of Finance Joseph Mwanamveka for his role in steering Malawi\u2019 ...\" \/>\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\/experts-praise-mwanamveka-for-economic-recovery-efforts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Experts Praise Mwanamveka for Economic Recovery Efforts\" \/>\n<meta property=\"og:description\" content=\"Governance and economic experts have commended Minister of Finance Joseph Mwanamveka for his role in steering Malawi\u2019 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts\" \/>\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=\"2026-04-25T20:23:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-25T20:32:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2026\/04\/sm_1777149129.310925.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"695\" \/>\n\t<meta property=\"og:image:height\" content=\"593\" \/>\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=\"4 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\/experts-praise-mwanamveka-for-economic-recovery-efforts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Experts Praise Mwanamveka for Economic Recovery Efforts\",\"datePublished\":\"2026-04-25T20:23:05+00:00\",\"dateModified\":\"2026-04-25T20:32:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts\"},\"wordCount\":689,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2026\/04\/sm_1777149129.310925.jpg\",\"keywords\":[\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/experts-praise-mwanamveka-for-economic-recovery-efforts\",\"name\":\"Experts Praise Mwanamveka for Economic Recovery Efforts - 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