Karonga, 30 July, 2023 / 8:45 pm (ACI Africa).
The Catholic Bishop of Malawi’s Karonga Diocese has urged the government of Malawi to prioritize negotiations on restructuring the country’s debt to salvage the citizens of the country from the economic hardships they are experiencing.
Speaking during the Conference on Debt and Development that the Malawi Economic Justice Network (MEJN) organized in partnership with the African Forum and Network on Debt and Development (AFRODAD), Bishop Martin Anwel Mtumbuka said the people in the rural areas are the ones bearing the brunt of economic hardship caused by the country’s increasing debt.
“We want to encourage the government to continue negotiating for the restructuring of this debt in Malawi,” Bishop Mtumbuka who was sharing insights on the role of faith-based community on the debt crisis in the Southern African nation said Wednesday, July 26 during the event held at the Crossroads Hotel in Lilongwe, Malawi.
He added, “Anything that we can do to add weight to what you are doing to lobby the international community that this debt should be restructured, we want to assure you of our full support, otherwise the lives of the local people will get far worse than it is at the moment.”
Malawi was reported in November last year to have started “credible debt restructuring negotiations with commercial creditors and also reached out to bilateral creditors including China and India.”