Written question asked by Patrick Grady (Scottish National Party) on Wednesday, 15 November 2023, in the House of Commons. It was due for an answer on Monday, 20 November 2023. It was answered by Andrew Mitchell (Conservative) on Wednesday, 22 November 2023 on behalf of the Foreign, Commonwealth and Development Office.

Malawi: Development Aid

Question: To ask the Minister of State, Foreign, Commonwealth and Development Office, whether he has had discussions with his (a) international counterparts and (b) delivery partners in Malawi on the impact of the devaluation of the Malawi Kwacha on the delivery of UK aid-funded programmes in that country.

Answer: The approval of an $178 million Extended Credit Facility (ECF) in Malawi reflects important reform progress by the Government of Malawi to boost economic growth. The recent 44 per cent exchange rate realignment was a tough, but necessary measure to secure an ECF, as foreign exchange reserves were critically low and the overvalued currency was hampering export competitiveness. The UK development programme in Malawi will continue to provide support over this period of economic adjustment. In coordination with other partners, this support will include prioritising additional support for those facing food insecurity, through providing cash and food.

Secondary information

Type: Written question
Reference: 2161
Session: 2023-24
Subjects: Development aid International cooperation Economic situation Malawi
Link: View this Written question on www.parliament.uk