Malawi's opposition party, DPP, slammed the government for pausing a loan deal with the IMF. The DPP economic chief, Ralph Jooma, called this move reckless. He said President Chakwera hides behind talk of helping poor people. The government claimed last week that it needed a break from IMF rules to address local problems. Jooma argued that this excuse covers up their failures.
The DPP points to major economic troubles since 2020. The national debt grew to 18.1 trillion kwacha. Prices rose above 30 percent. The local money lost most of its value. The DPP believes that stopping the IMF program scares away investors. They warned that other groups might stop giving aid to Malawi.
Jooma promised his party would fix these problems if voters chose them next year. He said working with international partners helps citizens. The finance ministry plans to explain its side soon. Elections happen in September 2025. The DPP hopes voters remember these economic issues when they cast ballots.
The DPP points to major economic troubles since 2020. The national debt grew to 18.1 trillion kwacha. Prices rose above 30 percent. The local money lost most of its value. The DPP believes that stopping the IMF program scares away investors. They warned that other groups might stop giving aid to Malawi.
Jooma promised his party would fix these problems if voters chose them next year. He said working with international partners helps citizens. The finance ministry plans to explain its side soon. Elections happen in September 2025. The DPP hopes voters remember these economic issues when they cast ballots.
