EU committed to giving Malawi financial support, says President Banda

BLANTYRE— President Mrs Joyce Banda said on Wednesday that Malawi will receive 188 million Euros from the European Union (EU) for the country’s development programs.

Addressing journalists at a news conference on arrival from Dubai after attending the 7th European Development Days (EDDs) Summit in Belgium, Banda said: “EU has re-affirmed its commitment to Malawi and has already given us huge chunks of money for social cash transfer programme, irrigation farming and the green-belt initiative.”

The Malawian leader said her delegation took advantage of the summit to address Malawi concerns.

“We need fair trade. Developing countries should not only be exporting less than 50 percent EU market,” she said.

President Banda added: “We want developing countries to export more to European Union and address issues of eradicating poverty and how we can achieve equity and lack of discrimination as we distribute our wealth.”

The Malawi leader also shared her vision and marketed her economic recovery plan and other reforms put in place to transform the country’s ailing economy.

From Belgium, Banda proceeded to Dubai, United Arab Emirates (UAE) where she delivered keynote address at the World Energy Forum (WEF) on 22nd October.

PRESIDENT BANDA