• Lead Covid-19

Malawi Update (25/05)


UPDATE ON KEY MILESTONES ACHIEVED:

  • Effective Engagement with Malawi Chambers of Commerce and Industry (MCCCI)

  • National and Sector Specific guidelines implemented by government

  • Pillars setup in conjunction with Office of the President and Cabinet and the MCCCI

  • Action seems to have slowed due to forthcoming national election rerun


UPDATE ON PILLAR GOAL / STRATEGY:

  • Emergency Cash Transfer approved by government for the vulnerable supported by UNDP

  • Business – voluntary shifts; reduction in benefits for execs; providing necessities to employees; encourage government to ensure trade routes remain open

  • Reduction in mobile money transaction fees

  • reducing the Liquidity Reserve Requirement (LRR) on domestic currency deposits by 125 basis points to 3.75 percent and Reducing the Lombard rate by 50 percent to 0.2 percentage points above the policy rate – introducing an estimated K12 billion into the banking system

  • Private Sector is actively involved in setting up health facilities; making donations to various institutions for CV19 related activities


TARGET ACHIEVEMENTS FOR THE NEXT 4 WEEKS:

  • This is very difficult as the courts have declared a rerun of national elections on 23 June and politicians are campaigning – focus on CV19 has completely dropped away

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