Malawi’s economy in a ‘total mess’

Malawi's Vice President Joyce Banda holds a press confrance in Lilongwe on April 6, 2012. Malawi's President Bingu wa Mutharika has died after a heart attack, political and hospital sources said Friday, sparking a backroom power struggle between his party and the country's vice president. AFP PHOTO / STRINGER

Malawi's Vice President Joyce Banda holds a press confrance in Lilongwe on April 6, 2012. Malawi's President Bingu wa Mutharika has died after a heart attack, political and hospital sources said Friday, sparking a backroom power struggle between his party and the country's vice president. AFP PHOTO / STRINGER

Published Apr 30, 2012

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Malawian President Joyce Banda, who took office on April 7 after her predecessor's sudden death, said Monday that the country's agriculture-dominated economy was in a “total mess.”

She also urged her cabinet to speak frankly to the public about the severity of Malawi's challenges.

“Be free to advise me, and not think Malawians are fools because they want to be told the truth,” Banda said in comments broadcast on state television.

“The economy is in a total mess,” she also said.

Malawi's economy has been plagued by shortages in fuel and foreign currency, while donors who once provided roughly 40 percent of the development budget have curbed funding amid the economic crisis and governance concerns within Mali.

Banda has moved swiftly to restore donor confidence and vowed to address concerns previously voiced by key lenders like the International Monetary Fund.

Banda served as vice president under Bingu wa Mutharika, who died on April 5 after a heart attack but she had fallen out with Mutharika and had been thrown out of his ruling party.

She said she had assumed “political risk never before taken” in hiring ministers from all parties.

She however dropped the former president's brother Peter from cabinet, where he previously served as foreign minister and was accused of plotting to seize the presidency after Mutharika's death. - Sapa-AFP

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