Malawi should tie public aid to performance
By the AFREEQUE newsroom, based on Mwnation
The Centre for Social Economic Concern is calling on the Malawian government to tie financial support for state-owned enterprises to measurable performance targets. The demand comes as their quasi-fiscal activities account for about 2% of gross domestic product a year, according to the World Bank and The Nation daily.
The Centre for Social Economic Concern (CfSC) is urging the Malawian government to tie financial support for state-owned enterprises to measurable targets. The organisation wants the authorities to assess the value taxpayers receive in return and the effect of this funding on the companies’ financial position and the quality of services, according to its economic governance officer, Agness Nyirongo, quoted by Mwnation.
Agness Nyirongo says support for state-owned enterprises providing essential services can be justified. However, she points out that every kwacha given to a financially struggling company is a resource that could also be spent on health or education, according to Mwnation.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
