BLANTYRE-(MaraviPost)-Standard Bank Plc welcomes the new administration’s resolve for a return to economic stability, predictability and strong governance.
The bank looks forward to partnering government and other key stakeholders to support the new President Arthur Peter Mutharika’s plan to immediately tackle prevailing macro-economic challenges.
Speaking during the sidelines of Mutharika’s inauguration, Standard Bank Chief Executive Phillip Madinga said, “Attracting FDI from key economies such as the U.S and China, as outlined in his Excellency Professor President Arthur Mutharika’s inauguration speech, is also critical in unlocking Malawi’ growth potential and delivering meaningful economic recovery.
“We also note the President’s determination to seek a renewal of relations with the U.S through his special friendship with the U.S President Donald Trump”.
Madinga adds, “Easing diplomatic hurdles with U.S should set the stage for dialogue aimed at finding solutions for Malawi’s economy, trade and diplomatic relations.
“The loss of development and technical support following USAID’s departure would require dialogue aimed at exploring solutions for the country”.
Madinga hopes, “We look forward to a strong private and public partnership in the next critical three months of the government’s transition process.
“The stage should be prepared for a re-set of a new economic trajectory where Malawi’s resolve to return to stability through fiscal discipline and governance, dialogue with bilateral and multilateral donors and creditors and improved trade relations, is unambiguous”.
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