February 22, 2024
Malawi President Bans Foreign Travel for All Government Officials Amidst Economic Crunch
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Malawi President Bans Foreign Travel for All Government Officials Amidst Economic Crunch

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

The move was announced after the International Monetary Fund (IMF) approved a $175-million loan for the southern African nation.

It means the former evangelical preacher will skip a scheduled attendance at the COP28 climate summit later this month in the UAE.

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President Chakwera also mandated that all cabinet members currently abroad on publicly funded trips promptly return home, and he ordered a 50 percent reduction in fuel allowances for senior government officials.

Earlier this week, the landlocked country announced a 44 percent devaluation of its currency as it worked to secure the IMF loan.

    • 3 months ago

    […] READ ALSO: Malawi President Bans Foreign Travel for All Government Officials Amidst Economic Crunch […]

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