Malawi’s President Lazarus Chakwera has suspended with immediate effect all international travel involving himself and all government officials.
He has also ordered all ministers currently outside the country to return home.
Speaking in a televised address on Wednesday night, he also announced restrictions on local travel and a reduction by half of the fuel allocation to cabinet ministers and senior government officials.
The measures will be in place until the end of the financial year next March.
Some similar austerity measures were also announced during the COVID-19 pandemic but had limited impact as they were not strictly enforced.
The president asked the minister of finance to make provisions for a reasonable wage increase for all civil servants in the next budget review.
He also directed a reduction of income tax in the new budget to help workers whose pay has lost value as a result of inflation.
The president’s move comes as the International Monetary Fund (IMF) approved a four-year credit facility for Malawi worth $174m (£140m), just days after the country devalued its local currency.
Last week, the central bank announced a 44% drop in the value of the local currency, the kwacha.
Analysts suggest the devaluation may have been a condition for securing the IMF credit facility.
Source:Mybrytfmonline.com
