World Bank proposes $1.2bn for Malawi
By the AFREEQUE newsroom, based on MBC
The World Bank plans to provide Malawi with $1.2 billion in funding over 2027–2032, a package that could rise to $1.5 billion with additional resources. The institution’s country manager for Malawi, Abdu Muwonge, presented priorities for the future partnership framework at a conference in Mangochi, according to MBC.
The World Bank has proposed mobilising $1.2 billion to finance Malawi’s economic transformation between 2027 and 2032. The funding could rise to $1.5 billion through additional resources, World Bank Country Manager for Malawi Abdu Muwonge announced at the annual conference of the Economics Association of Malawi in Mangochi, according to MBC.
The institution’s next partnership framework is expected to prioritise macroeconomic stability, support for productive businesses, improved transport and investment in a healthier, better-trained workforce. Energy, water and transport infrastructure are among the priorities, including projects such as Kapichira, Mpatamanga and the Shire Valley Transformation Project.
Abdu Muwonge also called for faster project implementation and investment in the railway link between Nacala and Lilongwe, as well as greater use of the Nacala dry port to reduce transport costs and improve export competitiveness. Nelson Eduardo, the World Bank’s senior economist in Malawi, said about 75% of the population remained poor and stressed the role of institutions and policy implementation in reducing poverty, according to MBC.
The proposed funding is expected to support the Shire Valley Transformation Project, whose irrigation scheme has been postponed until May 2027. The World Bank also lists connectivity among its priorities, as Malawi plans to connect 2,000 schools to the internet.
