Malawi President Suspends Foreign Trips by Officials Over Currency Devaluation

Inflation: Malawi’s President Chakwera suspends foreign trips for himself, cabinet members

The President of Malawi, Lazarus Chakwera, on Wednesday suspended foreign trips for himself and cabinet members as part of measures to alleviate the impact of the recent devaluation of the country’s currency by 44 per cent. The president announced the new policy on Wednesday during a televised speech. “I know that this decision has caused a lot of pain – and I know that all of us now have to make big adjustments in spending so that we can priori…

Malawi President Suspends Foreign Trips by Officials Over Currency Devaluation

Malawi President Lazarus Chakwera has suspended his foreign trips and those of government officials as part of austerity measures to cushion the impact of the recent 44% devaluation of local currency on the country's economy. In his televised address to the nation Wednesday night, Chakwera ordered a cut by half on fuel allowances allocated to top government officials, including cabinet ministers. The Reserve Bank of Malawi this month announced t…

Economic crisis: Malawian President suspends foreign trips for self, govt officials - Daily Trust

President Lazarus Chakwera of Malawi has cancelled all foreign travels for himself and other members of his government in a move to reduce the cost of governance. Chakwera disclosed this on national television on Wednesday night, stressing the development was necessary to revive the East African country’s economy. He also directed that all ministers who are currently in other countries should return home, but he added that the ban on foreign tri…

Malawi: President suspends foreign flights for gov't officials among austerity measures

Speaking in a televised address on Wednesday (Nov. 16) night, Lazarus Chakwera also announced restrictions on local travel and reduction by half of fuel allocation to cabinet ministers and senior government officials.

Malawi president imposes cost-cutting travel ban on himself, govt

Malawi's President Lazarus Chakwera has imposed a travel ban on himself and his government to cut public spending and help the country's ailing economy.

Malawi’s president suspends foreign travel for himself and cabinet members

President Lazarus Chakwera announced austerity measures aimed at healing the economy.