Public Sector Debt Hits K6.5tn in Q1

Public sector debt hits K6.5tn in Q1

By Kingsley Jassi: Government borrowing continues to dominate Malawi’s banking system, with public sector credit reaching K6.5 trillion by the end of the first quarter compared to just K1.5 trillion for private sector lending, Reserve Bank of Malawi (RBM) statistics show. The skewed credit allocation reflects limited investment in productive sectors, with economists warning that government borrowing primarily funds consumption rather than growth…

Malawi's Economic Growth Hinges on Banking Reform: A Wake Up Call for Business Leaders - Business Malawi

Key Business Points Malawi’s commercial banks must adopt risk-sharing approaches to unlock financing for the underdeveloped banana industry, as called by Industry and Trade Minister Vitumbiko Mumba. The country’s failure […] The post Malawi’s Economic Growth Hinges on Banking Reform: A Wake Up Call for Business Leaders appeared first on Business Malawi.