Driving Business Resilience in Malawi Amidst the Forex Crisis
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Driving Business Resilience in Malawi Amidst the Forex Crisis
Key Business Points Prioritise export diversification to boost foreign exchange earnings Implement phased exchange rate adjustments to protect local traders Strengthen production capacity and supply side policies before devaluing The […] The post Driving Business Resilience in Malawi Amidst the Forex Crisis appeared first on Business Malawi.
‘Forex crisis needs production reforms’ – Nation Online
The Economics Association of Malawi (Ecama) says exchange rate adjustments alone cannot resolve Malawi’s persistent foreign exchange shortages unless they are accompanied by reforms that expand production and diversify exports. In a written response to a questionnaire, Ecama president Bertha Bangara-Chikadza observed that repeated devaluations have failed to improve the trade balance because Malawi lacks the productive capacity to increase expor…
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